Part 5

Enterprise investment scheme
Chapter 6

Withdrawal or reduction of EIS relief

Disposals

Call options
211
1
This section applies if the investor grants an option which, if exercised, would bind the investor to sell any of the relevant shares.
2
The grant of the option is treated for the purposes of section 209 as a disposal of the shares to which the option relates.
3
Nothing in this section prejudices section 177 (no pre-arranged exits).