443(1)Section 438 (charge on occurrence of chargeable event) does not apply if–
(a)the employment-related securities are shares (or an interest in shares) in a company of a class,
(b)all the company's shares of the class are convertible securities,
(ba)subsection (1A) is satisfied,
(c)all the company's shares of the class (other than the employment-related securities) are affected by an event similar to that which is a chargeable event in relation to the employment-related securities, and
(d)subsection (3) or (4) is satisfied.
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