[149AA Restricted and convertible employment-related securities] [and employee shareholder shares]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[149AA  Restricted and convertible employment-related securities] [and employee shareholder shares]

[(1)     [Subject to subsection (1A), where] an individual has acquired an asset consisting of employment-related securities which are—

(a)     restricted securities or a restricted interest in securities, or

(b)     convertible securities or an interest in convertible securities,

the consideration for the acquisition shall (subject to section 119A) be taken to be equal to the aggregate of the actual amount or value given for the employment-related securities and any amount that constituted earnings under Chapter 1 of Part 3 of ITEPA 2003 (earnings) in respect of the acquisition.

[(1A)     Where an individual has acquired an asset consisting of shares which, on acquisition, became employee shareholder shares—

(a)     the consideration for the acquisition is (subject

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