Section 701 ITEPA 2003

Some shares are excluded from being assets for the purposes of Part 11 Chapter 4 ITEPA 2003. Shares that are excluded from being assets cannot then be readily convertible assets. Therefore if an employer makes a share award that is chargeable to tax as employment income but the award consists of shares excluded from being assets, there is no requirement to operate PAYE.

The following shares are excluded from being assets for the purposes of Part 11 Chapter 4 ITEPA 2003:

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.