{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-257FD",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-257FD.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/257FD",
  "kind": "section",
  "number": "257FD",
  "heading": "Put options",
  "text": "(1) This section applies if, at any time in period A, a person grants the investor an option which, if exercised, would bind the grantor to purchase any of the relevant shares.\n(2) Any SEIS relief attributable to the shares to which the option relates must be withdrawn.\n(3) For the purposes of subsection (2) the shares to which an option relates are those which, if—\n(a) the option were exercised immediately after the grant, and\n(b) any shares in the issuing company acquired by the investor after the grant were disposed of immediately after being acquired,\nwould be treated for the purposes of section 257FA as disposed of in pursuance of the option.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/257FD",
    "retrieved_at": "2026-10-29T09:13:03.599581+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}