SCHEDULES

SCHEDULE 7Transitionals and savings

Part 7Employment income: share-related income

Share options

63

1

This paragraph relates to the operation of section 473 (share options to which Chapter 5 of Part 7 does not apply).

2

Section 473(1) applies in relation to a share option granted before 6th April 2003 with the substitution of “if the person was not chargeable under Case I of Schedule E in respect of the office or employment” for the words from “if the earnings” onwards.