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Income Tax (Earnings and Pensions) Act 2003

Paragraph 37: Terms of option to be agreed in writing

3530.This paragraph sets out the requirement that the option must take the form of a written agreement between the grantor of the option and the employee. It goes on to elaborate on the specific types of terms that have to be covered in that agreement. It derives from paragraph 40 of Schedule 14 to FA 2000.

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