Section 5
Amendment of section 25
ActIn forceProvision 5 of 11
Section 5
Section 25 of the principal Act is amended—
(a)
in subsection (1), by substituting for the word “Where”
the words “Subject to subsection (1A), where”; and
(b)
by inserting after subsection (1) the following subsection:
“(1A) The gross income from an employment in respect of any right to acquire shares in a company of the kind to which paragraph 13(1)(a) applies, shall where the right is exercised, assigned, released or acquired in the relevant period be treated as gross income of the relevant person for that relevant period.”.