{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-42",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-42.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/14/paragraph/42",
  "kind": "paragraph",
  "number": "42",
  "heading": null,
  "text": "(1) The provisions of this Part of this Schedule give relief from income tax in respect of the grant or exercise of a qualifying option.\n(2) Relief in respect of the exercise of a qualifying option applies only to exercise within the period of ten years after—\n(a) the grant of the option, or\n(b) if it is a replacement option, the grant of the original option.\n(3) In this Part the references to the “original option\", where there has been one or more replacement options, are to the option that the replacement option (or, if there has been more than one, the first of them) replaced.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "inserted",
      "affecting": "asp/2001/8",
      "affecting_title": "Regulation of Care (Scotland) Act 2001"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/42",
    "retrieved_at": "2026-10-29T09:21:00.128981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}