Commentary

C2.815 SAYE option schemes

Capital gains tax
Capital gains tax | Commentary

C2.815 SAYE option schemes

Capital gains tax | Commentary

C2.815 SAYE option schemes

The shares

When an individual disposes of shares acquired by the exercise of an option granted under a tax-advantaged (before 6 April 2014, approved) SAYE scheme, capital gains tax may be chargeable: in computing the chargeable gain, the employee's acquisition cost of the shares is taken to be the price actually paid by him, both for the option and for the shares1, not the market value of the shares when he acquired them (as it might otherwise be on an acquisition made on non-arm's length terms: see C2.109, C2.204, although for the impact of Jelley2 and

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