Part 12Other relief for employee share acquisitions
Chapter 3Relief if employee or other person obtains option to acquire shares
Introductory
1014Overview of Chapter
1
This Chapter provides for relief if—
a
an employee or another person obtains an option to acquire shares because of the employee's employment by a company, and
b
shares are acquired pursuant to the option.
2
Sections 1015 to 1017 set out the requirements that must be met for relief to be available.
3
Sections 1018 to 1020 set out how the amount of relief is calculated.
4
Section 1021 sets out how the relief is given.
5
Sections 1022 and 1023 deal with cases in which a person obtains an option to acquire shares in a company and that company is subsequently taken over.
6
Section 1024 provides for relief to be given to a successor company if the qualifying business is transferred by group transfers.