[226A Amount treated as earnings]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[Shares of employee shareholders]

[226A  Amount treated as earnings]

[(1)     This section applies if shares having a market value of no less than £2000 are acquired by an employee in consideration of an employee shareholder agreement.

(2)     An amount [equal to the market value of the shares] is to be treated as earnings from the employment, in respect of the acquisition of the shares, for the tax year in which they are acquired.

But this is subject to subsection (4).

(3)

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