Income Tax (Earnings and Pensions) Act 2003

474No charge in respect of receipt of shorter-term option
This section has no associated Explanatory Notes

(1)Subsection (2) applies if the share option cannot be exercised after the tenth anniversary of the date on which it was obtained.

(2)No liability to income tax arises in respect of the receipt of the share option, except as provided by section 526 (approved CSOP scheme: charge where option granted at a discount).