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HMRC internal manual

Employment Related Securities Manual

From
HM Revenue & Customs
Updated
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Post Acquisition Benefits from Securities

Benefits received before 16 April 2003: interaction with CGT

Per FA88/S84, if a charge to Income Tax is made under one of the three charging provisions, the amount charged to tax is deducted as additional consideration in the capital gains tax computation on the occasion of the first disposal of the shares after their acquisition. This relief is available whether the shares are acquired by an employee or a connected person, and whether they are disposed of by the employee or the connected person.