188ÌåÓý

Finance Act 2003 (with effect from 9/4/2003) amended the meaning of “asset� in section 701 ITEPA by including shares acquired under an approved CSOP that did not attract tax relief in accordance with section 524 ITEPA. The effect of this is that non-tax relieved exercises of Schedule 4 CSOP options would be dealt with in exactly the same way as for unapproved option exercises (see ).