17(1)The relief is given for the accounting period in which the shares are acquired [F1pursuant to] the option.U.K.
(2)The time when the shares are acquired is when the recipient acquires a beneficial interest in the shares and not, if different, the time the shares are conveyed or transferred.
Textual Amendments
F1Words in Sch. 23 para. 17(1) substituted (1.9.2003) by Finance Act 2003 (c. 14), Sch. 22 para. 67; S.I. 2003/1997, art. 2