Search Legislation

Income Tax (Earnings and Pensions) Act 2003

Paragraph 35: Type of shares that may be acquired

3527.This paragraph sets out the requirement that, to qualify, an option may only be capable of being exercised to acquire shares that are:

  • part of the ordinary share capital of the company in question;

  • fully paid-up; and

  • not redeemable.

3528.This paragraph derives from paragraph 38 of Schedule 14 to FA 2000.

Back to top


Print Options


Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.


More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources