1027(1) This section applies in relation to relief available as a result of the employee's death.
1027(2) The relief is given for the accounting period in which the employee dies.
1027(3) The amount of relief is equal to the amount that would have counted as employment income of the employee under section 426 of ITEPA 2003 had a chargeable event within section 427(3)(c) of that Act occurred immediately before Chapter 2 of Part 7 of that Act ceased to apply to the restricted shares because of the employee's death.
1027(4) For the purposes of subsection (3)–
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.