Corporation Tax Act 2009 Explanatory Notes

Part 14: Other relief for employee share acquisitions

Accounting periods beginning before 1 January 2003

3574.This paragraph preserves the transitional provision in paragraph 33 of Schedule 23 to FA 2003. This transitional might be required to prevent a double deduction in the case of an option granted before 1 January 2003 but exercised after 30 March 2009.

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