Income Tax (Earnings and Pensions) Act 2003 section 554Z7

Exercise price of share options

Section 554Z7 allows a reduction in the taxable value of a relevant step where the employee is required to pay an exercise price to acquire shares (or receive a cash equivalent) under an employee share option scheme operated by their employer.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.