HL Deb 16 October 1995 vol 566 c74WA
Lord Tebbit

asked Her Majesty's Government:

What estimate they have made of the number of people who will pay more tax as a result of making gains on share options subject to income tax rather than capital gains tax.

Lord Mackay of Ardbrecknish

The Chancellor of the Exchequer announced on 27 July that the income tax relief on the exercise of approved executive share options would continue to be available to directors and employees where the options were granted before 17 July 1995 or where a written invitation to apply for options was made formally before that date and the options were granted within 30 days of that invitation.