654 Payment instead of disposal on exercise of deemed option
Corporation Tax Act 2009 (2009 c 4) | Legislation

654  Payment instead of disposal on exercise of deemed option

(1)     Subsection (2) applies if—

(a)     the option mentioned in section 652(3) is exercised at any time in the accounting period,

(b)     no shares are issued or transferred in fulfilment of the obligations under the option, and

(c)     an amount is paid in fulfilment of those obligations.

(2)

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