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HMRC internal manual

Employment Related Securities Manual

HM Revenue & Customs
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Employment-related securities and options: ‘interest’ in securities - ITEPA03/S420 (8)

For the purposes of Part 7 ITEPA 2003, an ‘interest’ in relation to securities means an interest in them less than full beneficial ownership and includes an interest in proceeds of their sale, but does not include a right to acquire them.