CG76745 - Wasting assets: share warrants and other options

TCGA92/S146

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.