CG67837 - Reliefs: employee-ownership trusts: conditions: the 'all-employee benefit requirement': the 'equality requirement'
TCGA92/S236J(1)(a) and (2)
The 바카라 사이트˜equality requirement바카라 사이트™ is that the trusts of the settlement do not permit any of the settled property to be applied, at any time, otherwise than for the benefit of all the 바카라 사이트˜eligible employees바카라 사이트™ on the same terms.
The term 바카라 사이트˜eligible employees바카라 사이트™ is explained at CG67838, with further guidance at CG67839.
There are certain situations in which the 바카라 사이트˜equality requirement바카라 사이트™ will not be infringed by trusts that do not meet its strict terms. For more detailed guidance on this subject see CG67840.
TCGA92/S236K(7) and (8)
For the purposes of the 바카라 사이트˜equality requirement바카라 사이트™ references to settled property and 바카라 사이트˜eligible employee바카라 사이트™ should be interpreted in the same way as they are for the 바카라 사이트˜all-employee benefit requirement바카라 사이트™ as a whole.