Finance (No. 2) Act 2005 (c. 22)

SCHEDULES

SCHEDULE 5 U.K. Chargeable gains: options

Part 2 U.K. Miscellaneous amendments relating to share options etc

Interpretation of TCGA 1992 U.K.

5 (1) Section 288 of TCGA 1992 is amended as follows. U.K.

(2) In subsection (1A) (employment-related securities options) for the second sentence substitute— “ In this subsection “employment-related securities option” means a securities option within the meaning of Chapter 5 of Part 7 of ITEPA 2003 (see section 420(8) of that Act) to which that Chapter applies or would, apart from section 474 of that Act, apply (see section 471 of that Act); and other expressions used in this subsection and that Chapter have the same meaning in this subsection as in that Chapter. ”.