532 Modified tax consequences following disqualifying events
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

Tax advantages where disqualifying events

532  Modified tax consequences following disqualifying events

(1)     This section applies where—

(a)     a disqualifying event (see section 533) occurs in relation to a qualifying option before the option is exercised, and

(b)     the option is exercised later than [90] days after the day on which the event occurred.

(2)     If the option is within section 530(1) (option to acquire shares at market value), the

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