407 Dividend payment when dividend shares cease to be subject to SIP
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

407  Dividend payment when dividend shares cease to be subject to SIP

(1)     This section applies if dividend shares cease to be subject to [a Schedule 2] share incentive plan before the end of the period of 3 years beginning with the date on which the shares were acquired on the participant's behalf.

(2)     For income tax purposes a dividend is treated as paid to the participant in the tax year in which the shares cease to be subject to the

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