Section 527 | Enterprise management incentives: qualifying options ^F1

From legislation.gov.uk

(1)This Chapter provides—

(a)for share options notified to an officer of Revenue and Customs to be qualifying options for the purposes of the EMI code, and^F1

(b)for exemptions and reliefs from income tax in connection with qualifying options.

(2)Schedule 5 contains the requirements that have to be met for a share option to be a qualifying option, together with the notification procedure.

(3)The provisions of—

(a)this and the following sections of this Chapter, and^F2

(b)Schedule 5, ...

(c)Repealed

together constitute “the EMI code”.

(4)In the EMI code—

(5)Other expressions used in the EMI code and contained in the index at the end of Schedule 5 have the meaning indicated by the index.