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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

Schedule 2 share incentive plan (SIP): Types of award: Partnership shares: Forfeiture

A Schedule 2 SIP must provide that partnership shares will not be subject to any provision for forfeiture (paragraph 43(2A)), although they may be subject to provisions requiring partnership shares acquired on behalf of an employee to be offered for sale in certain circumstances (refer to ETASSUM24390).

‘Provision for forfeiture’ – refer to the guidance at ETASSUM28190.