[F1475No charge in respect of acquisition of optionU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)No liability to income tax arises in respect of the acquisition of an employment-related securities option.
(2)Subsection (1) is subject to section 526 (approved CSOP schemes: charge where share option granted at a discount).]
Textual Amendments
F1Pt. 7 Ch. 5 substituted (16.4.2003 for specified purposes and otherwise 1.9.2003 with effect in accordance with Sch. 22 para. 10(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 10(1); S.I. 2003/1997, art. 2