Income Tax Act 2007 section 809FZU

Employment-related securities

Section 809FZU excludes carried interest arising from employment-related securities from the scope of the carried interest rules in this chapter.

  • The carried interest rules in this chapter do not apply where carried interest arises in connection with employment-related securities
  • Employment-related securities are shares or other securities acquired by reason of a person's employment, as defined in Part 7 of the Income Tax (Earnings and Pensions) Act 2003
  • Such securities are instead taxed under the existing employment-related securities regime in ITEPA 2003
  • This prevents a double charge by ensuring the two sets of rules do not overlap

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