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Income Tax (Earnings and Pensions) Act 2003

Paragraph 6: Limit on value of shares subject to options

3384.This paragraph derives from paragraph 28 of Schedule 9 to ICTA. It caps the total value of options, which a person can obtain under CSOP schemes, at £30,000.

3385.In contrast to limits imposed in the EMI option scheme, if an option takes someone over the £30,000 limit, none of the option can qualify.

3386.In sub-paragraph (2), it is made clear that options which have already been exercised do not have to be included in the £30,000 limit.

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