[144A Cash-settled options]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[144A  Cash-settled options]

[(1)     In any case where—

(a)     an option is exercised; and

(b)     the nature of the option (or its exercise) is such that the grantor of the option is liable to make, and the person exercising it is entitled to receive, a payment in full settlement of all obligations under the option,

subsections (2) and (3) below shall apply in place of subsections (2) and (3) of section 144.

(2)     As regards the grantor of the option—

(a)     he shall be treated as having disposed of an asset (namely, his liability to make the payment) and

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