Restricted shares are those where there is a contract, agreement or arrangement:
- Ìý
•ÌýÌýÌýÌý requiring forfeiture of the shares or rights in the shares if certain circumstances arise (or do not arise)
- Ìý
•ÌýÌýÌýÌý imposing a restriction on the freedom of the holder to dispose of the shares or rights in the shares or to retain them or the proceeds of their sale1
'Original' relief is given on the award of restricted shares. If there is a further chargeable event, 'additional' relief is available as discussed below.
Original relief
Relief is given on the award of restricted shares. Where the restricted shares/options are also convertible shares/options, the relief is the greater of the amounts described below and those described in D1.3382.
A just and reasonable apportionment of the relief is made where the consideration is given partly for other matters or the award or grant was given in part for the purposes of a non-qualifying business3.
Prior to 1 December 2016 any £2,000 payment deemed to have been
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:40