Income Tax (Trading and Other Income) Act 2005 section 563

Timing of certain grants of options where related disposals occur later

Section 563 dealt with the timing rules for grants of options in connection with intellectual property disposals, but this provision has been removed from the legislation.

• Section 563 was part of Chapter 12 (sections 555–569) of ITTOIA 2005, which concerned the taxation of certain transactions involving intellectual property
• The entire Chapter 12, including section 563, was repealed by Finance Act 2013
• The repeal took effect from the 2013–14 tax year onwards
• For any tax years prior to 2013–14 where these rules were relevant, the original provisions would still have applied