# Income and Corporation Taxes Act 1988, Paragraph 22

Extent: E+W+S+N.I.

Except as provided in paragraph 18 above, rights obtained by a person under the scheme must not be capable—
(a) of being transferred by him, or
(b) of being exercised later than six months after the bonus date.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/9/paragraph/22 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-9/paragraph-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.