CTT on exercise
Where an option is exercised, the tax shifts from the seller to the purchaser, because the buyer chooses to enter into the exercise deal.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
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