TCTM04118 | Income: Employment income rules: The amount of a gain from a security option (such as company shares, bonds, Government gilts etc), securities and interest in securities that is charged to income tax for that year under Part 7 of ITEPA

The Tax Credits (Definition and Calculation of Income) Regulations 2002, Reg. 4(1)(l)

This refers to gains derived by directors or employees who acquire shares, or options relating to such shares (for example, company shares, bonds, Government gilts etc), securities and interest in securities in connection with their office or employment. The amounts included for tax credits are the same as those for income tax and the provisions for amounts which count as income and for the exemptions are found in Part 7 of ITEPA.