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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

HM Revenue & Customs
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Company Share Option Plan (CSOP): Taxation: Grant of share options - general

When an option is granted to an employee or director by reason of an employment chargeable to tax under section 15 (earnings while resident in the UK), no charge to income tax arises in respect of the grant. Section 526 provides for a charge to tax in the circumstances of a CSOP option granted at a discount and so do not qualify for tax advantages, (Section 475 - see ERSM110110).