SVM109050 - ITEPA: Schedule 22 Finance Act 2003

The regime for the taxation of employment – related securities introduced by Schedule 22, Finance Act 2003 (as amended) comprises the following chapters:

Chapter	Title	Page
Chapter 1	Introduction	ERSM10000
Chapter 2	Restricted securities: contents	ERSM30000
Chapter 3	Convertible securities	ERSM40000
Chapter 3A	Securities with artificially depressed value	ERSM50000
Chapter 3B	Securities with artificially enhanced value: contents	ERSM60000
Chapter 3C	Securities acquired for less than the market value	ERSM70000
Chapter 3D	Disposals for more than the market value	ERSM80000
Chapter 4	Post acquisition benefits from securities: contents	ERSM90000
Chapter 4A	University spin-outs: contents	ERSM100000
Chapter 5	Securities options: contents	ERSM110000

Where there is doubt or concern regarding the application of the legislation in the valuation process, the Employment Related Securities Manual (ERSM) should always be considered before the ITEPA specialists in SAV are consulted.

Additional Guidance: SVM150000