Point in time view as at 03/08/2005.
Income Tax (Earnings and Pensions) Act 2003, Paragraph 77 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.
77(1)This paragraph applies where, immediately before 6th April 2003, a share option was a qualifying option for the purposes of Schedule 14 to FA 2000 (enterprise management incentives).U.K.
(2)On and after that date the share option is to be treated as a qualifying option for the purposes of the EMI code.
(3)Sub-paragraph (2) has effect even if the requirements that had to be met in order for the share option, or any share option replaced by it, to be a qualifying option for the purposes of Schedule 14 to FA 2000 differed to any extent from those set out in Schedule 5.
(4)In this paragraph “” means a right to acquire shares.
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