This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Employment Related Securities Manual

Restricted Securities: Conditional shares acquired on or after 16 April 2003 but with chargeable event before 1 September 2003: how are they taxed?

Although conditional shares acquired on or after 16 April 2003 (date Finance Bill was published) are within the new rules on restricted securities (see ERSM30300), they are only so covered in respect of chargeable events arising on or after 1 September 2003 (appointed day). So, where there is a chargeable event arising (sale or lifting of restriction) before 1 September 2003 the old conditional share rules continue to apply - see ERSM30030.