770 Amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[Schedule 2] share incentive plan distributions

770  Amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment

(1)     This section applies if—

(a)     shares are awarded to a participant under [a Schedule 2] share incentive plan, and

(b)     the condition in section 392(3) or (5) is met at the time the shares in question are so awarded (earnings within ITEPA 2003).

This is subject

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