ERSM160720 - Relevant period: restricted or convertible securities

ITEPA03/S41B(2) says that where there is an amount which counts as employment income by virtue of Chapter 2 (restricted securities) or Chapter 3 (convertible securities), the relevant period -

• begins with the day the securities are acquired, and
• ends with the day of the chargeable event

See ERSM30390 for guidance on what constitutes a chargeable event for the purposes of Chapter 2; and ERSM40060 on what constitutes a chargeable event for the purposes of Chapter 3.

See ERSM160725 and ERSM160730 for examples of how the relevant period rules work for Chapter 2 and Chapter 3 respectively.