Clause 39 - Corporation tax relief for employee share acquisitions etc

Part of Finance Bill – in a Public Bill Committee at 3:15 pm on 4 June 2013.

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Photo of Brooks Newmark Brooks Newmark Conservative, Braintree 3:15, 4 June 2013

I have just been reading the explanatory note. If I am wrong, the hon. Gentleman will correct me, but my understanding is that if they are receiving options of this kind, they are taxed as income rather than as capital gain.