Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 525: No charge in respect of post-acquisition benefits
2136.This section mirrors the previous section and also derives from section 185(3) and (5) of ICTA. It gives relief in the same circumstances from income tax on specified charges (post-acquisition charges under section 449 and section 453) on an increase in the value of shares acquired by way of a tax-relieved exercise. The exercise has to meet the condition set out in section 524. See Note 50 in Annex 2.