Point in time view as at 02/12/2019.
Income Tax (Earnings and Pensions) Act 2003, Section 530 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(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).
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