Acquiring shares from employees

Allowable deductions

Annual payments of capital or revenue nature

Corporation tax

Payments made wholly and exclusively for the purpose of trade

Anti-avoidance provisions

Capital gains tax

Class 1 exclusion

Corporation tax relief


Deemed payment by employers

Discounted options scheme for employees in financial services industry

Disposals, chargeable gains

Dividends received by


Earnings giving rise to deduction of income tax and National Insurance contributions

EFRBS (comparison with)

Employment-related loans

Enterprise management incentives




Inheritance tax

Exempt transfers to


Inheritance tax reliefs

Meaning of employee trusts

Money-box companies, discounted options scheme

National Insurance contributions, payment following sale of sponsoring company

Offshore trusts

PAYE and NIC settlement agreement between employer and HMRC

Payment made after employment ceased

Payments out of

Postponement of deduction of payments until payment of relevant emoluments

Property leaving the fund

Purchase of leaver shares

Qualifying benefits, provision of

Qualifying expenses

Satisfying share awards

SIP shares

Situs of

Subsequent winding up of sub-trusts

Sums distributed to be paid net of amounts paid to HMRC under settlement agreement


Transfer of asset to employee