# Finance Act 2014, Paragraph 175


(1) Paragraph 25 (exercise of options: death) is amended as follows.
(2) Make the existing text sub-paragraph (1).
(3) In the new sub-paragraph (1) omit “but not later than 12 months after that date”.
(4) After the new sub-paragraph (1) insert—
“(2) Provision made under sub-paragraph (1) must permit the exercise of the options at any time on or after the date of death but not later than 12 months after that date.”

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/175 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-8/paragraph-175
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.