Part 7F1Employment income: income and exemptions relating to securities

Annotations:
Amendments (Textual)
F1

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)

Chapter 8Approved CSOP schemes

Introduction

522Share options to which this Chapter applies

1

This Chapter applies to a share option granted to an individual—

a

in accordance with the provisions of an approved CSOP scheme, and

b

by reason of the individual’s office or employment as a director or employee of a company.

2

The individual may be a director or employee of the company whose shares are the subject of the share option, or of some other company.