Wasting assets: share warrants and other options
The wasting assets rules do not apply to:
- a quoted option to subscribe for shares in a company;
- a traded option;
- a financial option;
- an option over assets exercisable by a person intending. If the option is exercised, to use the assets for the purposes of a trade carried on by him or her.
See CG55400+ for advice on quoted, traded, and financial options.