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Income Tax (Earnings and Pensions) Act 2003

Section 517: Share options to which this Chapter applies

2101.This is an introductory section, which derives from section 185(1) of ICTA. This Chapter applies to an individual who obtains an option in accordance with the provisions of an approved scheme by reason of his or her employment. This phrase in section 185(1) matches the expression in the benefits code. The rules in paragraph 10 of Schedule 3 to this Act govern the particular employment.

2102.The reference to a commencement date in section 185(1) of ICTA is spent and is not rewritten.

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