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HMRC internal manual

Employment Related Securities Manual

Employment-related securities and options: exclusions from charge

The provisions for taxing employment-related securities are wholly or partly disapplied in various circumstances. These are:

  • Death - see ERSM20270 
  • 7 years after leaving employment - see ERSM20280 
  • Certain control situations (employee control & non-employee control) - see ERSM20290 
  • (Up to 5 April 2015) Residence - see ERSM20300 
  • Former and prospective employments - see ERSM20360 
  • Public offer shares - ERSM20370 
  • Approved scheme shares - ERSM20380