ETASSUM43210 - Schedule 4 Company Share Option Plan (CSOP): Shares to be used: Permanent Interest Bearing Shares (PIBs)

This guidance is withdrawn with effect from 6 April 2019.

Please refer to ERS Bulletin 31 https://www.gov.uk/guidance/employment-related-securities-bulletin-31-march-2019#definition-of-ordinary-share-capital-for-employee-share-schemes (link is external) and /manual/company-taxation-manual/ctm00512

Permanent Interest Bearing Shares (PIBS) are a form of building society share introduced in 1990. PIBS may be used in a Schedule 4 CSOP provided they constitute ordinary share capital within Section 989 ITA 2007.