Part 12Other relief for employee share acquisitions
Chapter 3Relief if employee or other person obtains option to acquire shares
Introductory
1014Overview of Chapter
(1)
This Chapter provides for relief if—
(a)
an employee or another person obtains an option to acquire shares because of the employee's employment by a company, and
(b)
shares are acquired pursuant to the option.
(2)
Sections 1015 to 1017 set out the requirements that must be met for relief to be available.
(3)
Sections 1018 to 1020 set out how the amount of relief is calculated.
(4)
Section 1021 sets out how the relief is given.
(5)
Sections 1022 and 1023 deal with cases in which a person obtains an option to acquire shares in a company and that company is subsequently taken over.
(6)
Section 1024 provides for relief to be given to a successor company if the qualifying business is transferred by group transfers.