'Shares acquired before 10 April 2003 by exercising employee share options — allowable deductions
'For capital gains tax purposes the grant or acquisition of an option and the transaction entered into on the exercise of that option are treated as a single transaction. That single transaction is the acquisition or disposal of the asset transferred when the option is exercised — section 144 of the Taxation of Chargeable Gains Act 1992 (TCGA).
'Where shares were acquired on the exercise of an option before 10 April 2003 and the “market value rule” (section 17 TCGA) applies the market value...
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'Shares acquired before 10 April 2003 by exercising employee share options — allowable deductions
'For capital gains tax purposes the grant or acquisition of an option and the transaction entered into on the exercise of that option are treated as a single transaction. That single transaction is the acquisition or disposal of the asset transferred when the option is exercised — section 144 of the Taxation of Chargeable Gains Act 1992 (TCGA).
'Where shares were acquired on the exercise of an option before 10 April 2003 and the “market value rule” (section 17 TCGA) applies the market value...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
