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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Tax relief on acquisition of option

  • Section 475 No charge in respect of acquisition of option
  1. Tax relief on acquisition of option
  2. No charge in respect of acquisition of option

Section 475 | No charge in respect of acquisition of option F1

From legislation.gov.uk

(1)No liability to income tax arises in respect of the acquisition of an employment-related securities option.

(2)Subsection (1) is subject to section 526 (... CSOP schemes: charge where share option granted at a discount).

Notes

  1. F1

    Pt. 7 Ch. 5 substituted (16.4.2003 for specified purposes and otherwise 1.9.2003 with effect in accordance with Sch. 22 para. 10(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 10(1); S.I. 2003/1997, art. 2

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