The company appealed against a determination by the defendants that when an employee had sold his shares, it had done so at a price over the market value, and in doing so, incurred a charge to income tax.
Held: The appeal failed.
Citations:
[2009] ScotCS CSIH – 11, [2009] STC 889
Links:
Statutes:
Income Tax (Earnings and Pensions) Act 2003 446X(b)
Jurisdiction:
Scotland
Cited by:
At SCS – Grays Timber Products Ltd v Revenue and Customs SC 3-Feb-2010
An assessment to income tax had been raised after the employee resold shares in the company issued through the employees’ share scheme at a price which the Revenue said was above the share value. The company appealed against a finding that tax was . .
Lists of cited by and citing cases may be incomplete.
Income Tax
Updated: 23 July 2022; Ref: scu.291793