Related Commentary  Related HMRC Manuals

540(1)  Chapter 3C of this Part (taxable benefits: acquisitions of shares) does not apply in relation to the acquisition of shares by the exercise of a qualifying option.

540(2)  [Omitted by FA 2014, s. 52 and Sch. 9, para. 16(3).]

History

In s. 540(1), the words “In its application in relation to a UK resident employee,” omitted by FA 2014, s. 52 and Sch. 9, para. 16(2) with effect from 6 April 2015 irrespective of the date of the acquisition of the employment-related securities or employment-related securities options.

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