VCM20040 - Enterprise investment scheme (EIS): General: Options over shares

ICTA/S299 (5); ITA/S212; TCGA92/SCH5B/PARA12

Income tax relief is not available in relation to any shares if at any time before the termination date there is a put option over the shares (see VCM25300). For the effect of the grant of a call option, see VCM26030.

Deferral relief is not available in relation to any shares where there is either a put option or a call option over the shares (see VCM39550).