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CW 26F: Meaning of share
or “Defining shares for exempt employee share schemes”
You could also call this:

“Explains who counts as a trustee for employee share schemes”

In the Income Tax Act 2007, when talking about income, a trustee is a group of people. These people are chosen to look after a special kind of employee share scheme (ESS) that doesn’t have to pay tax. Their job is to manage this scheme for a company that employs workers. They also hold onto shares for the employees. They do this during times when the employees can’t sell or use the shares freely. These times are described in section CW 26C.

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Next up: CW 27: Certain income derived by transitional resident

or “Tax exemption for some foreign income of new residents”
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Part C Income
Exempt income

CW 26GMeaning of trustee

  1. For the purposes of section CW 26C, trustee means a group of persons appointed to administer an exempt ESS of a company that employs an employee, and to hold shares under that scheme on trust for the employee during any period of restriction described in section CW 26C(7).

Notes
  • Section CW 26G: inserted, on , by section 35 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).