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HMRC internal manual

Employment Related Securities Manual

• From: HM Revenue & Customs
• Published: 18 May 2016
• Updated: 19 February 2018, see all updates

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1. Contents
2. ERSM40000
3. ERSM40100

Convertible securities: exemptions

The following circumstances can exempt the event from any charge under the convertible securities regime (Chapter 3 Part 7 ITEPA 2003):

• Death (see ERSM20270)
• Cessation of employment (see ERSM20280)
• Control exemption (see ERSM20290)
• Up to 5 April 2015 Residence (see ERSM20300)
• Disability (see ERSM20350)
• Public offers (see ERSM20370)

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