530No charge on exercise of option to acquire shares at market valueU.K.
This section has no associated Explanatory Notes
(1)This section applies if the option is to acquire shares at not less than their market value—
(a)at the time when the option is granted, or
(b)if it is a replacement option, at the time when the original option was granted.
(2)If this section applies, no liability to income tax arises by virtue of section 476 (charge on exercise etc. of option by employee) in respect of the exercise of the option.
(3)This section has effect subject to section 532 (modified tax consequences following disqualifying events).