Part 7

Employment income: income and exemptions relating to securities
Chapter 9

Enterprise management incentives

Tax advantages where disqualifying events

Disqualifying events
533
1
The following provisions deal with the events that are (or are to be treated as) disqualifying events in relation to a qualifying option—
a
section 534 (events relating to the relevant company),
b
section 535 (events relating to the employee), and
c
section 536 (other disqualifying events), read with sections 537 to 539 (which contain supplementary provisions).
2
In the provisions mentioned in subsection (1) “the employee” means the person holding the qualifying option and “the relevant company” means the company whose shares are the subject of the option (see paragraph 1(3) of Schedule 5).
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)