{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-4/paragraph-21",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-4/paragraph-21.json",
  "legislation": "ukpga/2003/1",
  "legislation_title": "Income Tax (Earnings and Pensions) Act 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003",
  "path": "schedule/4/paragraph/21",
  "kind": "paragraph",
  "number": "21",
  "heading": null,
  "text": "(1) A CSOP scheme must meet the requirements of—\nparagraph 21A (general requirements as to terms of option),\nparagraph 22 (requirements as to price for acquisition of shares), and\nparagraph 23 (share options may not be transferred).\n(2) A CSOP scheme may make any provision authorised by—\nparagraph 24 (exercise of options: ceasing to be director or employee), ...\nparagraph 25 (exercise of options: death) , or\nparagraph 25A (exercise of options: company events)",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 4 para. 21(1) inserted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 172, 204 (with Sch. 8 paras. 205-215)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 4 para. 21(2) inserted (17.7.2013) by Finance Act 2013 (c. 29), Sch. 2 para. 28(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/schedule/4/paragraph/21",
    "retrieved_at": "2026-10-29T09:18:42.395488+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."
}