ERSM220080 - Valuation Issues

The Inspector바카라 사이트™s responsibility

The Inspector responsible for deciding whether amounts are chargeable to Income Tax may need to obtain or refer to the documents which govern the acquisition of the securities, particularly where they are restricted securities (see ERSM30310).

If Inspectors need to ask Shares and Assets Valuation for an informal valuation they should:
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  • Indicate whether or not one of the following elections has been made:

    • ITEPA03/S425Ìý(3) 바카라 사이트“ election to ignore exemption on acquisition for forfeitable securities 바카라 사이트“ see ERSM30370.
    • ITEPA/S430 바카라 사이트“ election for outstanding restrictions to be ignored at time of Chapter 2 chargeable event on restricted securities 바카라 사이트“ see ERSM30450.
    • ITEPA03/S431Ìý(1) 바카라 사이트“ election for all restrictions to be ignored on acquisition of restricted securities 바카라 사이트“ ERSM30450.
    • ITEPA03/S431Ìý(2) 바카라 사이트“ election for specified restrictions to be ignored on acquisition of restricted securities 바카라 사이트“ ERSM30450.

  • If an election has not been made, send a copy of any agreement or other document (if available) that might create special conditions relating to the securities acquired, indicating whether or not there are any restrictions etc. within section ITEPA03/S423 바카라 사이트“ see [## The Inspector바카라 사이트™s responsibility

The Inspector responsible for deciding whether amounts are chargeable to Income Tax may need to obtain or refer to the documents which govern the acquisition of the securities, particularly where they are restricted securities (see ERSM30310).

If Inspectors need to ask Shares and Assets Valuation for an informal valuation they should:
Ìý

  • Indicate whether or not one of the following elections has been made:

    • ITEPA03/S425Ìý(3) 바카라 사이트“ election to ignore exemption on acquisition for forfeitable securities 바카라 사이트“ see ERSM30370.
    • ITEPA/S430 바카라 사이트“ election for outstanding restrictions to be ignored at time of Chapter 2 chargeable event on restricted securities 바카라 사이트“ see ERSM30450.
    • ITEPA03/S431Ìý(1) 바카라 사이트“ election for all restrictions to be ignored on acquisition of restricted securities 바카라 사이트“ ERSM30450.
    • ITEPA03/S431Ìý(2) 바카라 사이트“ election for specified restrictions to be ignored on acquisition of restricted securities 바카라 사이트“ ERSM30450.
  • If an election has not been made, send a copy of any agreement or other document (if available) that might create special conditions relating to the securities acquired, indicating whether or not there are any restrictions etc. within section ITEPA03/S423 바카라 사이트“ see](/hmrc-internal-manuals/employment-related-securities/ersm30320) & ERSM30330.
  • State the basis of the charge to tax and indicate the relevant charging section.
  • Supply a copy of the latest statutory accounts available on file relevant to the transaction.
  • Specify the holding of securities to be valued.
  • Specify the rights attaching to the securities, and whether the restrictions are to be ignored or not.
  • Forward any valuation submitted by the taxpayer/company.