Apportionment of securities and option income for R/NOR employees

Practical Law UK Practice Note 7-382-9480 (Approx. 6 pages)

Apportionment of securities and option income for R/NOR employees

by Practical Law Share Schemes & Incentives

Note that from 6 April 2015, the taxation of internationally mobile employees holding employment-related securities and options is governed by Chapter 5B of Part 2 of the Income Tax (Earnings and Pensions) Act 2003, regardless of when the securities or options were acquired. For more information, see Practice note, Internationally movile employees: UK taxation of share incentives from 6 April 2015.

This practice note sets out our analysis of the details of the statutory apportionment mechanism of securities and option income for resident but not ordinarily resident employees with some non-UK duties, that applied before 6 April 2015.

Note that From Royal Assent of Finance Act 2013, the concept of ordinary residence was abolished and a statutory residence test came into force (see Practice note, Statutory residence test for individuals).

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Resource ID 7-382-9480

Law stated as at 05-Apr-2013

Resource Type Practice notes

Jurisdictions

UK
United Kingdom