# Taxation of Chargeable Gains Act 1992, Paragraph 11


(1) This Part of this Schedule forms part of the CSOP code (see section 521 of ITEPA 2003 ( ... CSOP schemes)).
(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.
(3) This Part of this Schedule applies where—
(a) a share option (“the option”) has been granted to an individual—
(i) in accordance with the provisions of a Schedule 4 CSOP scheme, and
(ii) by reason of the individual’s office or employment as a director or employee of a company, and
(b) shares (“the relevant shares”) are acquired by the exercise of the option.
(4) The company mentioned in sub-paragraph (3)(a)(ii) may be—
(a) the company whose shares are the subject of the option, or
(b) some other company.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/7D/paragraph/11 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7D/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.