INCOME TAX – Whether an one-off award of restricted stock units was an inducement to enter into a contract of employment and to perform services in the future or compensation for the loss of an asset unconnected with employment – the one-off award was an inducement to enter into a contract of employment – the one-off award on conversion to common stock was chargeable to income tax as earnings within the meaning of section 62(2) ITEPA 2003 from employment – Appeal dismissed.
[2010] UKFTT 533 (TC)
Bailii
England and Wales
Income Tax
Updated: 12 November 2021; Ref: scu.426659