[473 Introduction to taxation of securities options]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[473  Introduction to taxation of securities options]

[(1)     The starting-point is that section 475 contains an exemption from the liability to tax that might otherwise arise under—

(a)     Chapter 1 of Part 3 (earnings), or

(b)     Chapter 10 of that Part (taxable benefits: residual liability

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