Q&As

When making a section 431 election under the Income Tax (Earnings and Pensions) Act 2003, is it necessary to obtain a professional valuation, or can the company self-certify their valuation in their board minutes?

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Published on LexisPSL on 10/05/2019

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • When making a section 431 election under the Income Tax (Earnings and Pensions) Act 2003, is it necessary to obtain a professional valuation, or can the company self-certify their valuation in their board minutes?

When making a section 431 election under the Income Tax (Earnings and Pensions) Act 2003, is it necessary to obtain a professional valuation, or can the company self-certify their valuation in their board minutes?

When considering offering shares to employees, whether directly and/or pursuant to a share plan, employer companies and company shareholders need to consider the value of the shares for a number of reasons, including to provide information to an employee acquiring restricted shares who will enter into a joint election with the employer company under section 431 of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) and for

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