[477 Chargeable events]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[477  Chargeable events]

[(1)     This section applies for the purposes of section 476 (charge on occurrence of chargeable event).

(2)     Any of the events mentioned in subsection (3) is a “chargeable event” in relation to the employment-related securities option unless it occurs on or after the death of the employee.

(3)     The events are—

(a)     the acquisition of securities pursuant to the employment-related securities option by an associated person,

(b)     the assignment for consideration of the employment-related securities option by an associated person otherwise than

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