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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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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.