Related Commentary  Related HMRC Manuals

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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