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Income Tax (Earnings and Pensions) Act 2003

Paragraph 36: Exercise of options: employment in associated company at bonus date

3335.This paragraph derives from paragraph 21(1)(f) of Schedule 9 to ICTA. It enables a person who, on the bonus date, is an employee of a company that is an associated company but not a constituent company to exercise the options within six months of that date. Paragraph 21(4) has not been rewritten. It is covered by the transitional provisions in Schedule 7 to this Act.

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