E4.507X Securities Disposed Of For More Than Market Value—Overview

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Commentary

Personal and employment tax

E4.507X Securities disposed of for more than market value—overview

The regime governing the disposal of employment-related securities for more than market value applies if employment related securities (see definition at E4.507A) are:

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•�� disposed of by an associated person (see definition at E4.507A) so that no associated person is any longer beneficially entitled to them, and
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•�� for more than their market value at the time of disposal¹

For details of how the tax charge operates, where shares are disposed of for more than market value, see E4.507Y.

Note that the employer is not an associated person, so the situation where securities are sold back to the employer at overvalue will

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