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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

From
HM Revenue & Customs
Updated
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Schedule 3 SAYE option schemes: Requirements relating to share options – The exercise price: Demergers

Demergers can fall within the scope of a “reorganisation for the purposes of Sections 126-134 TCGA 1992”. Schemes which provide for options to be adjusted in the event of a demerger, whether described as such or as a reorganisation for the purposes of Sections 126-134 TCGA 1992 would not meet the requirements to qualify as a Schedule 3 SAYE option scheme.