Income Tax (Earnings and Pensions) Act 2003 Schedule 7 paragraphs 49–53

Convertible shares

Paragraphs 49 to 53 of Schedule 7 provide transitional rules for the tax treatment of convertible shares acquired by employees, with the key surviving provision exempting securities acquired before 17 March 1998 from the convertible securities charge.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.