ERSM20350 | Employment-related securities and options: exclusions: disability

Convertible securities

In relation to convertible securities, per ITEPA03/S439 (4), where a benefit received in connection with the entitlement to convert is received on account of any disability of the employee (within the meaning of the Equality Act 2010 in England, Wales and Scotland, or the Disability Discrimination Act 1995), the benefit received is not treated as a chargeable event.

Securities options

In relation to securities options, per ITEPA03/S477 (5), where a benefit received in connection with the option is received on account of any disability of the employee (within the meaning of the Equality Act 2010 in England, Wales and Scotland, or the Disability Discrimination Act 1995), the benefit received is to be disregarded as a benefit in connection with the employment-related securities option.