Commentary on Sections Schedule 7: Transitionals and Savings Part 7: Employment income: share-related income Paragraphs 64 to 66
3718.These three paragraphs ensure that all amounts that have been chargeable to tax on the receipt of an option before 6 April 2003 are deducted in calculating the taxable amount under section 478 of this Act or the amount of the gain under section 479 or 480 of this Act, where the option is exercised, assigned or released after that date.