Employment Related Securities Manual

ERSM40100 - Convertible securities: exemptions

Chapter 3 Part 7 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA) 

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)