158 Application of market value rule in case of exercise of option
Finance Act 2003 (2003 c 14) | Legislation

158  Application of market value rule in case of exercise of option

(1)     In Chapter 3 of Part 4 of the Taxation of Chargeable Gains Act 1992 (c 12) (miscellaneous provisions relating to options and other matters), after section 144 insert—

“144´Ü´¡

Application of market value rule in case of exercise of option

(1)     This section applies where—

(a)     an option is exercised, so that by virtue of section 144(2) or (3) the grant or acquisition of the option and the transaction resulting from its exercise are treated as a single transaction,

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