Related Commentary  Related HMRC Manuals

475(1)  No liability to income tax arises in respect of the acquisition of an employment-related securities option.

475(2)  Subsection (1) is subject to section 526 (CSOP schemes: charge where share option granted at a discount).


In s. 475(2), the word “approved” (before “CSOP”) omitted by FA 2014, s. 51 and Sch. 8, para. 195 with effect from 6 April 2014, subject to the transitional provisions at FA 2014, Sch. 8, para. 206–215 in relation to CSOP schemes established before that date.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.