# Income Tax (Earnings and Pensions) Act 2003, Section 475: No charge in respect of acquisition of option

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

(1) No liability to income tax arises in respect of the acquisition of an employment-related securities option.
(2) Subsection (1) is subject to section 526 (... CSOP schemes: charge where share option granted at a discount).

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/475 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-475
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.