Statute
Section 490 — Income Tax Act 2007: Interpretation of Chapter
Text of the provision Official document
Interpretation of Chapter 490 1 This Chapter forms part of the SIP code (see section 488 of ITEPA 2003 ( ... share incentive plans)).
2 Therefore expressions used in this Chapter and contained in the index at the end of Schedule 2 to ITEPA 2003 have the meaning indicated by that index.
3 For the purposes of this Chapter shares which are subject to provision for forfeiture are treated as acquired by the trustees if and when the forfeiture occurs.
Official source: legislation.gov.uk
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