CG56349 | Shares and securities: employee share schemes: employment-related securities: shares subject to risk of forfeiture acquired before 1 September 2003

Where shares subject to the risk of forfeiture were acquired before 1 September 2003, section 149B Taxation of Chargeable Gains Act (TCGA) 1992, see CG56321, provides that section 17(1) TCGA 1992 shall not apply and that the acquisition consideration is to be taken to be the actual amount or value paid for those shares (subject to any addition required under section 120 TCGA 1992, see CG56329).

Where shares subject to the risk of forfeiture were acquired before 17 March 1998 the acquisition cost was the market value of the shares at the time of the award taking into account the risk of forfeiture.

For the acquisition of restricted employment-related securities (including shares and other securities subject to the risk of forfeiture) on or after 1 September 2003 (see CG56321).