[119A Increase in expenditure by reference to tax charged in relation to employment-related securities]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[119A  Increase in expenditure by reference to tax charged in relation to employment-related securities]

[(1)     This section applies to a disposal of an asset consisting of employment-related securities if the disposal—

(a)     is an event giving rise to a relevant income tax charge, or

(b)     is the first disposal after an event, other than a disposal, giving rise to a relevant income tax charge.

(2)     Section 38(1)(a) applies as if the relevant amount had formed part of the consideration given by the person making the disposal for his acquisition of the employment-related securities.

(3)     For the purposes of this section an event gives rise to a relevant income tax charge if it results in an amount counting as employment income

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