ERSM70000 - Securities acquired for less than market value: contents

Introduction

1. ERSM70010

   Overview
2. ERSM70015

   Definitions
3. ERSM70020

   What is taxed?
4. ERSM70030

   Cases outside Chapter 3C
5. ERSM70040

   Relief for acquisition of shares in close company
6. ERSM70050

   Computing the undervalue

Notional loan

1. ERSM70100

   Date of effect
2. ERSM70110

   Computation
3. ERSM70120

   Example computations
4. ERSM70130

   Annual charge
5. ERSM70140

   Discharge of notional loan up to 16 July 2014
6. ERSM70150

   Discharge from 17 July 2014

Avoidance cases

1. ERSM70200

   Charge on acquisition

Interaction with other provisions

1. ERSM70210

   Money’s worth, other Part 7 charges, spin-outs, & approved schemes

Residence for years up to 5 April 2015

1. ERSM70400

   Effect of residence status
2. ERSM70410

   Acquisition of securities by exercise of option granted overseas up to 5 April 2015
3. ERSM70420

   Employee resident but not ordinarily resident in UK: overseas workdays up to 5 April 2015
4. ERSM70423

   Employee resident but not ordinarily resident in UK: overseas workdays up to 5 April 2015 – examples
5. ERSM70424

   Employee resident but not ordinarily resident in UK: leaving the UK (up to 5 April 2015)
6. ERSM70425

   UK duties before permanent arrival in UK (up to 5 April 2015)
7. ERSM70440

   Non-residents (up to 5 April 2015)
8. ERSM70450

   LTIPs or RSUs awarded abroad (up to 5 April 2015)
9. ERSM70460

   Date of departure from UK and ESC A11

Old regime (pre-16 April 2003 acquisitions)

1. ERSM71000

   Shares acquired before 16 April 2003
2. ERSM71010

   Old regime: structure of charge
3. ERSM71020

   Old regime: computation of notional loan
4. ERSM71030

   Old regime: annual charge
5. ERSM71040

   Old regime: computation of notional loan: examples
6. ERSM71050

   Old regime: discharge of notional loan
7. ERSM71100

   Old regime: residence issues