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HMRC internal manual

Employment Related Securities Manual

HM Revenue & Customs
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CGT Interface


An employee who acquires shares in connection with his or her employment, has acquired an asset which is chargeable to Capital Gains Tax. When that asset is disposed of the individual will need to consider whether Capital Gains Tax is chargeable in respect of any gain arising.

This Chapter provides some general guidance on the CGT rules which apply in some of the most commonly arising circumstances in connection with employee shares. It does not replace the guidance at CG56300 onwards, which should be referred to in any case where there is doubt or difficulty.