Related Commentary  Related HMRC Manuals

119A(1)  This section applies to a disposal of an asset consisting of employment-related securities if the disposal–

(a)is an event giving rise to a relevant income tax charge, or

(b)is the first disposal after an event, other than a disposal, giving rise to a relevant income tax charge.

119A(2)  Section 38(1)(a) applies as if the relevant amount had formed part of the consideration given by the person making the disposal for his acquisition of the employment-related securities.

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