238 Approved profit sharing and share option schemes
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

238  Approved profit sharing and share option schemes

(1)     Notwithstanding anything in a profit sharing scheme approved under Schedule 9 of the Taxes Act or in paragraph 2(2) of that Schedule or in the trust instrument relating to that scheme, for the purposes of capital gains tax a person who is a participant in relation to that scheme shall be treated as absolutely entitled to his shares as against the trustees of the scheme.

(2)     For the purposes of capital

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