# Finance Act 2000, Paragraph 41

Extent: E+W+S+N.I.

An option is not a qualifying option unless the terms on which it is granted—
(a) prohibit the person to whom it is granted from transferring any of his rights under it, and
(b) if they permit its exercise after that person’s death, do not permit such exercise more than one year after the death.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/41 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.