Section 431B Securities acquired for purpose of avoidance
|
|
 |
£8.04 on Kindle |
 |
£20 eBook download |
Amendments
Section 431B inserted by Finance (No. 2) Act 2005 section 12 and Schedule 2 para 7 in relation to employment-related securities acquired on or after 2 December 2004.
Where employment-related securities are restricted securities or a restricted interest in securities, the employer and the employee are to be treated as making an election under section 431(1) in relation to the employment-related securities if the main purpose (or one of the main purposes) of the arrangements under which the right or opportunity to acquire the employment-related securities is made available is the avoidance of tax or national insurance contributions.
|
|
