# Income Tax (Earnings and Pensions) Act 2003, Section 539: CSOP and other options relevant for purposes of section 536

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

(1) This section has effect for the purposes of section 536(1)(e) (other disqualifying events: grant of CSOP option).
(2) A “relevant CSOP option” means a CSOP option granted to the employee by reason of the employee’s employment—
(a) with the employer company, or
(b) if it is a member of a group of companies, with any member of that group.
(3) A share option is an “employee option” if it is—
(a) the qualifying option mentioned in section 536(1), or
(b) another qualifying option granted to the employee by reason of the employee’s employment as mentioned in subsection (2)(a) or (b) above, or
(c) a relevant CSOP option.
(4) In this section a “CSOP option” means an option to acquire shares under a scheme which is a Schedule 4 CSOP scheme (see Schedule 4).

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/539 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-539
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.