Introduction
192Application of this Chapter
(1)This Chapter applies where—
(a)shares in a company are, or an interest in shares in a company is, acquired by an employee or a person connected with an employee, and
(b)the right or opportunity to acquire the shares or interest in shares was available by reason of the employment.
(2)The shares may be in the employer, or in another company.
(3)A right or opportunity to acquire shares or an interest in shares which is made available by the employer is to be regarded as made available by reason of the employment unless—
(a)the employer is an individual, and
(b)the right or opportunity is made available in the normal course of the employer’s domestic, family or personal relationships.
(4)In this Chapter—
“the acquisition” means the acquisition of shares or an interest in shares mentioned in subsection (1), and
“the employment-related shares” means the shares or interest in shares acquired.