Part 7

Employment income: income and exemptions relating to securities
Chapter 8

... CSOP schemes

Introduction

Share options to which this Chapter applies
522
1
This Chapter applies to a share option granted to an individual—
a
in accordance with the provisions of a Schedule 4 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.
Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)
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)
Words in s. 522(1)(a) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 161, 204 (with Sch. 8 paras. 205-215)
Word in Pt. 7 Ch. 8 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 159, 204 (with Sch. 8 paras. 205-215)