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Part V Requirements as to terms of option etc.

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  1. Introduction
  2. Type of shares that may be acquired
  3. Option to be capable of exercise within 10 years
  4. Terms of option to be agreed in writing
  5. Non-assignability of rights

Notes on Schedule 14

Textual amendments

F1

Sch. 14 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)