»Ê¹ÚÌåÓýapp

Certain company shares

»Ê¹ÚÌåÓýappre are exclusions from the charges in Chapters 2 - 5 for certain company shares (seeERSM20290)

As from 7 May 2004, ITEPA03/S446IA provides that these are not effective if an artificial reduction in value within Chapter 3A has reduced the amount of a charge.

»Ê¹ÚÌåÓýapp exclusion covers:

• ITEPA03/S429 (for restricted securities),
• ITEPA03/S443 (for convertible securities),
• ITEPA03/S446R (for a charge under Chapter 3C), and
• ITEPA03/S449 (for a charge under Chapter 4).

»Ê¹ÚÌåÓýappse reliefs would normally take benefits received on certain company shares out ofcharge.