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    1. Home
    HMRC internal manual

    Employment Related Securities Manual

    From:
    HM Revenue & Customs
    Published
    18 May 2016
    Updated:
    7 April 2025 - See all updates
    1. Back to contents

    ERSM110000 - Securities options: contents

    Introduction

    1. ERSM110010
      What are securities options?
    2. ERSM110015
      Securities options and "legal options"
    3. ERSM110020
      What are securities options - phantom scheme variants
    4. ERSM110025
      What are securities options - cash alternatives
    5. ERSM110050
      Legislation: overview of liability
    6. ERSM110060
      Application of Chapter 5 (amended by Schedule 22) to options

    Option grant

    1. ERSM110100
      Abbott v Philbin
    2. ERSM110110
      Grant of option
    3. ERSM110200
      Change on grant of long options - old rules

    The charge

    1. ERSM110210
      Post-acquisition charges on options 鈥� old rules
    2. ERSM110500
      Post-acquisition charges on options 鈥� post-Schedule 22 FA 2003
    3. ERSM110510
      Computation of option gain
    4. ERSM110520
      Deductible amounts: employer鈥檚 NIC met by employee
    5. ERSM110540
      Non-deductible amounts
    6. ERSM110550
      Employee deprived of securities by operation of law
    7. ERSM110560
      Exercise of EMI options
    8. ERSM110600
      Non-residents: exercise after leaving UK
    9. ERSM110800
      Exchange of one option for another

    Capital Gains Tax

    1. ERSM110850
      Capital Gains Tax on sale of securities acquired

    Earn-outs

    1. ERSM110900
      Earn-outs: what are they?
    2. ERSM110910
      Earn-outs: overview of liability
    3. ERSM110920
      Earn-outs: potential liability under Chapter 5
    4. ERSM110930
      Earn-outs: restricted securities
    5. ERSM110940
      Earn-outs: key indicators of earn-out being sale consideration

    Rights issues and bonus shares

    1. ERSM111000
      Rights issues
    2. ERSM111100
      Bonus shares
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