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ETASSUM35110 | Schedule 3 SAYE option schemes: Requirements relating to share options – The exercise price: Introduction

From HM Revenue & Customs · Employee Tax Advantaged Share Scheme User Manual

Schedule 3 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA)

Legislation

  • Paragraph 28 Schedule 3 ITEPA

Paragraph 28 of Schedule 3 ITEPA sets out the requirements as to the acquisition cost of the shares subject to the option, that the price must be stated at the time of grant and that it must not be manifestly less than 80% of the market value of shares of that class at that time.