Securities with Artificially Enhanced Value
Shares under approved plans & schemes
Shares awarded or acquired under an approved plan or scheme used to be excluded from Chapters 2 to 4 of Part 7 by virtue of ITEPA03/S421G. FA04/S88 repealed this with effect from 18 June 2004 regardless of when the shares were awarded or acquired.
For those shares awarded or acquired before 18 June 2004 where ITEPA03/S421G would previously have applied, they are deemed to be acquired on 18 June 2004 for the purposes of determining the ‘relevant date’ and ‘relevant period’ under ITEPA03/S446O.