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Home / Simons-Taxes /Personal and employment tax /Part E4 Employment income /Division E4.5 Income and exemptions relating to securities /Employment related securities with artificially depressed market value / E4.507QA Disapplication of exceptions from charges on securities with artificially depressed market value
Commentary

E4.507QA Disapplication of exceptions from charges on securities with artificially depressed market value


Personal and employment tax

The anti-avoidance rules described in E4.507M–E4.507Q were further extended1 as part of the measures to block avoidance that exploits the exceptions from charge described in E4.507E, E4.507L, E4.507V and E4.508A. These provisions disapply the exceptions in cases where the value of employment-related securities is reduced in circumstances to which the above-mentioned anti-avoidance rules apply, so that the exemptions provided are unavailable. The following four disapplications are made:

  1. Ìý

    •ÌýÌýÌýÌý ITEPA 2003, s 429 (see E4.507E) does not operate to stop a charge under ITEPA 2003, s 426 (see

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