(1) The Principal Act is hereby amended -
(a) in Chapter 1 of Part 17, by the insertion of the following section after section 511:
"Shares acquired from an employee share ownership trust.
(1) Where, on or after the date of the passing of the Finance Act, 1998, the trustees of an approved scheme make an appropriation of shares to which section 510(3) applies to a participant and the conditions mentioned in subsection (2) are satisfied, then, for the purposes of this Chapter as it applies to those shares -
(a) the period of retention shall end on, and
(b) the release date shall be,
the day following the day on which the shares were appropriated to the participant.
(2) The conditions referred to in subsection (1) are that -
(a) the shares concerned were transferred to the trustees of the approved scheme concerned by the trustees of an employee share ownership trust to which section 519 applies,
(b) immediately prior to the transfer referred to in paragraph (a), the shares had been
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