Commentary on Sections Overview Chapter 1: Share incentive plans Section 983: Overview of Chapter
2517.This section introduces the provisions within the Chapter. It is new.
2518.The Chapter gives a deduction for the costs of setting up an approved share incentive plan (SIP) and for the provision of shares under the SIP. The qualifying conditions for approval of the SIP itself are in Schedule 2 to ITEPA and this Chapter is treated as part of the SIP code. See section 984.