# The Finance Act 2002, Schedule 26 (Parts 2 and 9) (Amendment No. 3) Order 2005, Article 9: Amendment of Part 9 of Schedule 26


(1) Amend paragraph 45H (treatment of net gains and losses on terminal exercise of option) as follows.
(2) In sub-paragraph (1)(b), for “exercised to any extent” substitute “to any extent exercised or otherwise disposed of”.
(3) In sub-paragraph (2)(b) for paragraphs (i) and (ii) substitute—
“(i) as a result of the exercise of rights mentioned in sub-paragraph (1)(b); and
(ii) in circumstances where a disposal is deemed not to occur by virtue of section 127 of the Taxation of Chargeable Gains Act 1992.”.

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Source: https://www.legislation.gov.uk/uksi/2005/3440/article/9 (the official version)
Page: https://openlegislation.uk/finance-act-2002-schedule-26-parts-2-and-9-amendment-no-3-order-2005/article-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.