Part 7

Employment income: income and exemptions relating to securities
Chapter 7

... SAYE option schemes

Introduction

Share options to which this Chapter applies
517
1
This Chapter applies to a share option granted to an individual—
a
in accordance with the provisions of a Schedule 3 SAYE option 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.
Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)
Words in s. 517(1)(a) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 100, 146 (with Sch. 8 paras. 147-157)
Word in Pt. 7 Ch. 7 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 98, 146 (with Sch. 8 paras. 147-157)
Pt. 7 heading substituted (with effect in accordance with Sch. 22 para. 2(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 2(1)