Part 7Employment income: income and exemptions relating to securities

Chapter 9Enterprise management incentives

Tax advantages: taxable benefits

540No charge on acquisition of shares as taxable benefit

(1)

F1... F2Chapter 3C of this Part (taxable benefits: notional loans in respect of acquisitions of shares) does not apply in relation to the acquisition of shares by the exercise of a qualifying option.

F3(2)

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