C1Part 7F3Employment income: income and exemptions relating to securities

Annotations:
Amendments (Textual)
F3

Pt. 7 heading substituted (with effect in accordance with Sch. 22 para. 2(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 2(1)

Modifications etc. (not altering text)
C1

Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)

F2Chapter 5Securities options

Annotations:
Amendments (Textual)
F2

Pt. 7 Ch. 5 substituted (16.4.2003 for specified purposes and otherwise 1.9.2003 with effect in accordance with Sch. 22 para. 10(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 10(1); S.I. 2003/1997, art. 2

Tax relief on acquisition of option

475No charge in respect of acquisition of option

1

No liability to income tax arises in respect of the acquisition of an employment-related securities option.

2

Subsection (1) is subject to section 526 (F1...CSOP schemes: charge where share option granted at a discount).