Shares and Assets Valuation Manual

SVM109010 - ITEPA: Background

This chapter outlines the procedures for dealing with requests for the valuation of employment 바카라 사이트“ related securities for income tax purposes.

The instructions in the Employment Related Securities Manual (ERSM) take precedence on all technical, as opposed to valuation points.

The Schedule E legislation was consolidated in 2003 by the Income Tax (Earnings and Pensions) Act 2003 (ITEPA). However, almost immediately, Schedule 22 Finance Act 2003 introduced a new regime for securities (which includes shares and options over securities) that are used to remunerate employees, including directors.

The 바카라 사이트˜normal rules바카라 사이트™ charge from Schedule E is preserved in Part 3 Chapter 1 of ITEPA at section 62.

However, the other familiar Schedule E charges have been replaced with the new regime at Part 7 Chapters 1 바카라 사이트“ 5 ITEPA.

Additionanl Guidance: SVM150000