ERSM20300 - Employment-related securities and options: exclusions: residence (up to 5 April 2015)

From 6 April 2015 the residence exclusions in Part 7 of ITEPA03 have been removed. See ERSM160000 and in particular ERSM162000.

Therefore the rest of this page relates to the period up to 5 April 2015.

Chapters 2, 3 and 4

For employment-related securities acquired after 5 April 2008, the following chapters only apply if, when the securities are acquired, the employee is resident in the UK:

  • Chapter 2 restricted securities
  • Chapter 3 convertible securities
  • Chapter 4 post-acquisition benefits from securities

(see ITEPA03/S421E (1)).

Chapter 5

For employment-related securities options acquired after 5 April 2008 Chapter 5 (securities options) only applies if, when the option is acquired, the employee is resident in the UK. See ITEPA03/S474 (1).

Chapters 3A, 3B, 3C and 3D

The following chapters only apply to employment-related securities if, when they are acquired, the employee바카라 사이트™s earnings from the employment were (or would have been if there had been any) general earnings to which any of the charging provisions of Chapter 4 or 5 of Part 2 ITEPA 2003 apply:

  • Chapter 3A securities with artificially depressed market value
  • Chapter 3B securities with artificially enhanced market value
  • Chapter 3C securities acquired for less than market value
  • Chapter 3D securities disposed of for more than market value

See ITEPA03/S421E (2).

For guidance on the residence rules applying to employment-related securities and employment-related securities options in a 바카라 사이트śsplit year바카라 사이트ť, see ERSM20310

If the relevant employment has ceased, or not yet begun, see ERSM20360.

The residence rules applying to securities and securities options acquired before 6 April 2008 are set out at ERSM160200

For guidance on international aspects of the employment-related securities rules, see ERSM160000.