Section 1014 — Corporation Tax Act 2009: Overview of Chapter

Overview of Chapter 1014 1 This Chapter provides for relief if—

a an employee or another person obtains an option to acquire shares because of the employee's employment by a company, and b shares are acquired pursuant to the option.

2 Sections 1015 to 1017 set out the requirements that must be met for relief to be available.

3 Sections 1018 to 1020 set out how the amount of relief is calculated.

4 Section 1021 sets out how the relief is given.

5 Sections 1022 and 1023 deal with cases in which a person obtains an option to acquire shares in a company and that company is subsequently taken over.

6 Section 1024 provides for relief to be given to a successor company if the qualifying business is transferred by group transfers.