Restricted securities

Where securities (or interests in them) are acquired or held by or for employees or directors, they are often subject to restrictions which may reduce their value. These restrictions can be important to the design of employee incentives and remuneration. Restrictions of this type are also important because they bring many employees within complex income tax provisions for the taxation of restricted securities. These income tax provisions are contained in Chapter 2 of Part 7 of the Income Tax (Earnings and Pensions) Act 2003 and are explained in this practice note.


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