Part 12: Other relief for employee share acquisitions
Overview
Chapter 3: Relief if employee or other person obtains option to acquire shares
Overview
Section 1022: Takeover of company whose shares are subject to option
2647.This section gives relief if the company whose shares are to be acquired is taken over and the original option is exchanged for an option over shares in the new company. It is based on paragraph 13 of Schedule 23 to FA 2003.