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