Related Commentary  Related HMRC Manuals

483(1)  This section applies if–

(a)the employment-related securities option (the “old option”) is assigned or released, and

(b)the whole or part of the consideration for the assignment or release consists of or includes another securities option (the “new option”).

483(2)  For the purposes of section 479(5) (amount of gain realised by assigning or releasing option) the new option is not to be treated as consideration given for the assignment or release of the old option.

483(3)  This Chapter applies to the new option as it applies to the old option.

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