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Finance Act 2003

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Changes over time for: Paragraph 64

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Version Superseded: 01/04/2009

Status:

Point in time view as at 13/04/2003. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

Changes to legislation:

Finance Act 2003, Paragraph 64 is up to date with all changes known to be in force on or before 28 February 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. Help about Changes to Legislation

64(1)Paragraph 13 is amended as follows.U.K.

(2)In sub-paragraph (2)(b), for “in exercise of” (in both places) substitute “ pursuant to ”.

(3)For sub-paragraph (2)(c) substitute—

(c)in determining the amount of relief—

(i)any consideration given in respect of the grant of the new option is treated as if it had been given in respect of the grant of the old option, and

(ii)any consideration given in respect of the acquisition of shares pursuant to the new option is treated as if it had been given in respect of the acquisition of shares pursuant to the old option..

(4)In sub-paragraph (3)(b), for “its exercise” substitute “ the shares acquired pursuant to it ”.

(5)This paragraph has effect on and after the day appointed under paragraph 3(2).

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