Taxpayer not careless in returning employment-related security options as capital (First-tier Tribunal) | Practical Law

Taxpayer not careless in returning employment-related security options as capital (First-tier Tribunal) | Practical Law

The First-tier Tribunal has held that a taxpayer should have returned amounts received as stock options in his employer's parent as employment income but had not been careless in returning them as capital.(Norman v HMRC [2015] UKFTT 0303 (TC)).

Taxpayer not careless in returning employment-related security options as capital (First-tier Tribunal)

by Practical Law Tax
Published on 06 Jul 2015 • United Kingdom
The First-tier Tribunal has held that a taxpayer should have returned amounts received as stock options in his employer's parent as employment income but had not been careless in returning them as capital.(Norman v HMRC [2015] UKFTT 0303 (TC)).