SCHEDULES
F1F1SCHEDULE 14
Annotations:
Amendments (Textual)
Part V Requirements as to terms of option etc.
Non-assignability of rights
41
An option is not a qualifying option unless the terms on which it is granted—
a
prohibit the person to whom it is granted from transferring any of his rights under it, and
b
if they permit its exercise after that person’s death, do not permit such exercise more than one year after the death.
Sch. 14 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)