Version Superseded: 17/07/2013
Point in time view as at 03/08/2005.
Income Tax (Earnings and Pensions) Act 2003, Paragraph 21 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
21(1)A CSOP scheme must meet the requirements of—U.K.
paragraph 22 (requirements as to price for acquisition of shares), and
paragraph 23 (share options may not be transferred).
(2)A CSOP scheme may make any provision authorised by—
paragraph 24 (exercise of options: ceasing to be director or employee), or
paragraph 25 (exercise of options: death).
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