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Finance Act 2003

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Changes over time for: Paragraph 27

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Version Superseded: 01/09/2003

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Point in time view as at 10/07/2003.

Changes to legislation:

Finance Act 2003, Paragraph 27 is up to date with all changes known to be in force on or before 24 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

27(1)Where an option to acquire shares obtained by reason of the employee’s employment is exercised by the recipient after the employee’s death, the condition in paragraph 14 (income tax position of the employee) is treated as met if it would be met were the employee still alive.U.K.

(2)Where an option to acquire shares obtained by reason of the employee’s employment is exercised after the death of the recipient, paragraph 1(1)(b) and Part 3 of this Schedule, and sub-paragraph (1) above, apply as if the recipient were still alive and the option were exercised by him.

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