Point in time view as at 22/07/2020.
Income Tax (Earnings and Pensions) Act 2003, Cross Heading: Requirements relating to options: introduction 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.
34U.K.A share option is not a qualifying option unless the requirements of this Part of this Schedule as to the following are met at the appropriate time—
the type of shares that may be acquired (see paragraph 35),
when the option is capable of being exercised (see paragraph 36),
the terms being agreed in writing (see paragraph 37), and
the non-assignability of rights (see paragraph 38).
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