| Commentary

50 Elections

| Commentary

50 Elections

Various elections may be made in relation to restricted securities or a restricted interest in securities. Perhaps the most significant is the one contained in Section 431 of the Income Tax (Earnings and Pensions) Act 2003 which enables the employer and employee to elect for full or partial disapplication of the restricted securities regime. Under this provision, the employer and the employee may elect that, for the relevant tax purposes, the market value of the securities (or interest) at the time of the acquisition is to be calculated as if they were not restricted, and consequently Sections 425

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