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Income Tax (Earnings and Pensions) Act 2003

Paragraph 32: Exercise of options: death

3324.This paragraph derives from paragraph 18 of Schedule 9 to ICTA. The paragraph allows the exercise of an option after the option holder’s death.

3325.The reference to the period of six months after the bonus date in sub-paragraph (b) now makes it clear that this rule applies to a death on the bonus date.

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