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HMRC internal manual

Employment Related Securities Manual

From
HM Revenue & Customs
Updated
, see all updates

Securities acquired for less than market value: contents

Introduction
  1. ERSM70010
    Overview
  2. ERSM70015
    Definitions
  3. ERSM70020
    What is taxed?
  4. ERSM70030
    Cases outside Chapter 3C
  5. ERSM70040
    Relief for acquisition of shares in close company
  6. ERSM70050
    Computing the undervalue
Notional loan
  1. ERSM70100
    Date of effect
  2. ERSM70110
    Computation
  3. ERSM70120
    Example computations
  4. ERSM70130
    Annual charge
  5. ERSM70140
    Discharge of notional loan up to 16 July 2014
  6. ERSM70150
    Discharge from 17 July 2014
Avoidance cases
  1. ERSM70200
    Charge on acquisition
Interaction with other provisions
  1. ERSM70210
    Money’s worth, other Part 7 charges, spin-outs, & approved schemes
Residence for years up to 5 April 2015
  1. ERSM70400
    Effect of residence status
  2. ERSM70410
    Acquisition of securities by exercise of option granted overseas up to 5 April 2015
  3. ERSM70420
    Employee resident but not ordinarily resident in UK: overseas workdays up to 5 April 2015
  4. ERSM70423
    Employee resident but not ordinarily resident in UK: overseas workdays up to 5 April 2015 – examples
  5. ERSM70424
    Employee resident but not ordinarily resident in UK: leaving the UK (up to 5 April 2015)
  6. ERSM70425
    UK duties before permanent arrival in UK (up to 5 April 2015)
  7. ERSM70440
    Non-residents (up to 5 April 2015)
  8. ERSM70450
    LTIPs or RSUs awarded abroad (up to 5 April 2015)
  9. ERSM70460
    Date of departure from UK and ESC A11
Old regime (pre-16 April 2003 acquisitions)
  1. ERSM71000
    Shares acquired before 16 April 2003
  2. ERSM71010
    Old regime: structure of charge
  3. ERSM71020
    Old regime: computation of notional loan
  4. ERSM71030
    Old regime: annual charge
  5. ERSM71040
    Old regime: computation of notional loan: examples
  6. ERSM71050
    Old regime: discharge of notional loan
  7. ERSM71100
    Old regime: residence issues