Related Commentary  Related HMRC Manuals

476(1)  If a chargeable event occurs in relation to an employment-related securities option, the taxable amount counts as employment income of the employee for the relevant tax year.

476(2)  For this purpose–

(a)chargeable event”  has the meaning given by section 477,

(b)the taxable amount”  is the amount determined under section 478, and

(c)the relevant tax year”  is the tax year in which the chargeable event occurs.

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