Section 257FC Call optionsF1
(1)
This section applies if the investor grants an option which, if exercised, would bind the investor to sell any of the relevant shares.
(2)
The grant of the option is treated for the purposes of section 257FA as a disposal of the shares to which the option relates.
(3)
Nothing in this section prejudices section 257CD (no pre-arranged exits).
Annotations
Textual amendments
- F1
Pt. 5A inserted (17.7.2012) (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 6 para. 1
Notes on Part 5A
Modifications
- C1
Pt. 5A applied by Taxation of Chargeable Gains Act 1992 (c. 12), Sch. 5BB para. 8(4) (as inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 6 para. 5)