525No charge in respect of post-acquisition benefits
This
adran has no associated
Nodiadau Esboniadol
(1)This section applies if—
(a)the individual exercises the share option in accordance with the provisions of the CSOP scheme at a time when the scheme is approved, and
(b)the condition set out in section 524(2) is met.
(2)No liability to income tax arises by virtue of—
section 449 (charge where restrictions or rights varied after acquisition), or
section 453 (charge on increase in value of shares of dependent subsidiaries),
in respect of shares acquired by the exercise of the option.