SCHEDULES

SCHEDULE 7Transitionals and savings

Part 7Employment income: F1income related to securities

Annotations:
Amendments (Textual)
F1

Words in Sch. 7 Pt. 7 heading substituted (10.7.2003) by Finance Act 2003 (c. 14), Sch. 22 para. 46(4)

Approved CSOP schemes

74

1

Any reference in the CSOP code to a share option granted in accordance with the provisions of an approved CSOP scheme is to be read as including, in relation to times before 6th April 2003, a reference to a right to acquire shares obtained in accordance with the provisions of a discretionary share option scheme approved under Schedule 9 to ICTA.

2

This paragraph—

a

is without prejudice to Part 1 of this Schedule,

b

applies only in so far as the context permits, and

c

has effect subject to paragraph 75.

3

In this paragraph “discretionary share option scheme” has the same meaning as in paragraph 73.