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Payroll Tax Act 2011
22Grant of share as result of exercise of option
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22 Grant of share as result of exercise of option The grant of a share by an employer is not wages for this Act if the employer is required to grant the share because of the exercise of an option by a person and— (a) the grant of the option to the person is wages for this Act; or (b) the option was granted to the person before 1 July 2005.