Acquisition at less than market value

Basic charge

Generally

Legislation

Non-residents

Anti-avoidance

Artificially depressed market value

Acquisition, charge on

Adjustment of market value

Conditional interests, charge on

Consideration for entitlement to convert, charge on

Conversion, charge on

Generally

Interaction with other provisions

Non-residents

Residence

Restricted securities, charge on

Artificially enhanced market value

Alphabet shares

Charge on non-commercial increases

Generally

Interaction with other provisions

Legislation

Restriction during relevant period

Restriction on valuation date

Associated persons

Case law

Consideration

Convertible securities

Acquisition, charge on

Calculation of later charge

Disability, exclusion from charge

Employee-controlled companies

Exclusions from charge

Flowering or blossoming shares

Generally

Later chargeable event, charge on

Legislation

Non-residents

Residence

Corporation tax relief

Disapplication of legislation

Disposals for more than market value

Generally

Non-residents

Residence

Double taxation

Earn-outs

– see Earn-outs

Employment-related securities

Generally

Legislation

Market value

National Insurance contributions

Non-residents

Partly-paid shares

Caveat emptor

Charge on acquisition

Corporation tax relief

Generally

Interaction with other legislation

Loans

Notional loan

Risks involved

Post-acquisition benefits from securities

Application of rules

Exception from charge

Non-residents

Ratchets

Residence

Post-acquisition benefits from securities amount of charge

Quoted companies

Ratchets

Replacement securities

Residence and non-residents

Arrival and departure

Double taxation treaties

Foreign securities income

General earnings and specific employment income, distinction between

Generally

National Insurance contributions

PAYE

Split-year treatment

Taxable specific income

Year of arrival/departure

Restricted securities

Acquisition of shares up to 15 April 2003

Acquisition, charge on

Artificially depressed market value

Calculation of charge

Chargeable events

Convertible

Disapplication of legislation, election out of deferrable regime

Disposals by employees

Elections

Exceptions

Exclusions from charge

Forfeitable securities, election out of deferral regime

Generally

Identification

Long-term incentive plans

Losses, hidden charge on

Meaning

Non-residents

PAYE

Post-acquisition events, charge to tax

Residence

Two separate restrictions

Valuations

Review by Office of Tax Simplification

Securities, meaning

Taxed securities options

Assignment or release of option

Associated person, meaning

Benefit in kind charge

Chargeable events

Corporation tax relief

Date of exercise of option, importance of

Employee's residence status

Employment-related securities option

Exchange of options

Exercise of option

Generally

Grant of option

Market value

National Insurance contributions

Non-residents

PAYE income

Residence

Sale of securities acquired through option

Vesting of an option

Underwater options

Unquoted shares and securities