Commentary on Sections Schedule 7: Transitionals and Savings Part 7: Employment income: share-related income Paragraphs 54 to 56
3710.Paragraph 54 derives from section 77 of FA 1988 which specifies that Chapter 2 of Part 3 of FA 1988 applies to acquisitions of shares, or interests in shares on or after 26 October 1987. There are variations in that general commencement provision and these are rewritten in paragraphs 55 and 56.