Part 7Employment income: share-related income and exemptions

Chapter 8Approved CSOP schemes

Introduction

522Share options to which this Chapter applies

1

This Chapter applies to a share option granted to an individual—

a

in accordance with the provisions of an approved CSOP scheme, and

b

by reason of the individual’s office or employment as a director or employee of a company.

2

The individual may be a director or employee of the company whose shares are the subject of the share option, or of some other company.