[454 Deemed election for disapplication of Chapter 2]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[Disapplication of Chapters 2 and 3B]

[454  Deemed election for disapplication of Chapter 2]

[(1)     If the shares are restricted securities (or the interest in shares is a restricted interest in securities), the employer and the employee are to be treated as making an election under section 431(1) (election for disapplication of Chapter 2) in relation to the shares (or interest

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