{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7D/paragraph-11",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7D/paragraph-11.json",
  "legislation": "ukpga/1992/12",
  "legislation_title": "Taxation of Chargeable Gains Act 1992",
  "legislation_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992",
  "path": "schedule/7D/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "(1) This Part of this Schedule forms part of the CSOP code (see section 521 of ITEPA 2003 ( ... CSOP schemes)).\n(2) Accordingly, expressions used in this Part of this Schedule and contained in the index at the end of Schedule 4 to that Act ( ... CSOP schemes) have the meaning indicated by the index.\n(3) This Part of this Schedule applies where—\n(a) a share option (“the option”) has been granted to an individual—\n(i) in accordance with the provisions of a Schedule 4 CSOP scheme, and\n(ii) by reason of the individual’s office or employment as a director or employee of a company, and\n(b) shares (“the relevant shares”) are acquired by the exercise of the option.\n(4) The company mentioned in sub-paragraph (3)(a)(ii) may be—\n(a) the company whose shares are the subject of the option, or\n(b) some other company.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 7D inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 6 para. 221 (with Sch. 7)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in Sch. 7D para. 11(1) omitted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 187(2), 204 (with Sch. 8 paras. 205-215)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in Sch. 7D para. 11(2) omitted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 187(2), 204 (with Sch. 8 paras. 205-215)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. 7D para. 11(3)(a)(i) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 187(3), 204 (with Sch. 8 paras. 205-215)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/schedule/7D/paragraph/11",
    "retrieved_at": "2026-11-14T03:34:05.925206+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."
}