Part 7Employment income: income and exemptions relating to securities
F1Chapter 2Restricted securities
Tax charge on post-acquisition chargeable events
426Charge on occurrence of chargeable event
(1)
This section applies if a chargeable event occurs in relation to the employment-related securities.
(2)
The taxable amount determined under section 428 counts as employment income of the employee for the relevant tax year.
(3)
The “relevant tax year” is the tax year in which the chargeable event occurs.
(4)
Section 427 explains what are chargeable events for the purposes of this section.
(5)
This section is subject to section 429 (case outside charge under this section).