Related Commentary  

527(1)  This Chapter provides–

(a)for share options notified to an officer of Revenue and Customs to be qualifying options for the purposes of the EMI code, and

(b)for exemptions and reliefs from income tax in connection with qualifying options.

527(2)  Schedule 5 contains the requirements that have to be met for a share option to be a qualifying option, together with the notification procedure.

527(3)  The provisions of–

(a)this and the following sections of this Chapter and,

(c)[omitted by FA 2016, s. 16 and Sch. 3, para. 9(3)(a),]

together constitute “the EMI code” .

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