ITEPA03/S421E (2) should be read in relation to the whole
of the final year of residence in the UK without regard to
Extra-Statutory Concession A11.
This means that where an employee, who is resident but not
ordinarily resident in UK when granted a securities option,
exercises the option at any point in the tax year during which he
or she leaves the UK, the gain on exercise remains taxable under
Part 7. See also ERSM160160.
