# Finance Act 2014, Paragraph 15


In section 480 (securities options: deductible amounts), after subsection (5) insert—
“(5A) In subsection (5)(a) the reference to an amount of exempt income, in a case in which the amount that constituted earnings in respect of the acquisition was not an amount of general earnings to which any of the charging provisions of Chapters 4 and 5 of Part 2 applied, includes any amount that would have been an amount of exempt income if any of those charging provisions had applied.”

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/15 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-9/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.