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.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Taxation of Chargeable Gains Act 1992 section 120
Increase in expenditure by reference to tax charged in relation to shares etc.
Section 120 allows the base cost of employee shares to be increased by amounts already taxed as employment income, so that the same economic gain is not taxed twice — once as income and again as a capital gain.
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.