Part 7Employment income: share-related income and exemptions

Chapter 8Approved CSOP schemes

Tax advantages

525No charge in respect of post-acquisition benefits

1

This section applies if—

a

the individual exercises the share option in accordance with the provisions of the CSOP scheme at a time when the scheme is approved, and

b

the condition set out in section 524(2) is met.

2

No liability to income tax arises by virtue of—

  • section 449 (charge where restrictions or rights varied after acquisition), or

  • section 453 (charge on increase in value of shares of dependent subsidiaries),

in respect of shares acquired by the exercise of the option.