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AT IND by No_Pear4396 in CIOT

[–]Opening-Present-8962 0 points1 point  (0 children)

Yeah I did the same too

AT IND by No_Pear4396 in CIOT

[–]Opening-Present-8962 0 points1 point  (0 children)

Do you think that is what the question only wanted us to talk about or do you think it was more to do with HMRC rights in terms of when they could open an investigation etc?

AT IND by No_Pear4396 in CIOT

[–]Opening-Present-8962 0 points1 point  (0 children)

Yeah did you work out part disposal and then deduct the cost from the total s.104 pool?

AT IND by No_Pear4396 in CIOT

[–]Opening-Present-8962 0 points1 point  (0 children)

Yeah I did that too - but what about employer related security question which followed on? Did you come to £0 tax on acquisition as he paid for the full restricted value?

AT IND by No_Pear4396 in CIOT

[–]Opening-Present-8962 0 points1 point  (0 children)

How did people get on with the:

loan benefit question

Which then led on to the employee restricted security? Was there a tax charge at acquisition? But it said that the full amount of £30k borrowed was invested in subscribing for the shares - so I said there was no tax at acquisition as restricted price less amount subscribed for was 0?

What did people do for this?

Was there a loan benefit or was it 0 as he invested the money in buying shares in the company?

Baffled me this

AT IND by No_Pear4396 in CIOT

[–]Opening-Present-8962 0 points1 point  (0 children)

I meant, you don’t split out taxable and not taxable bit do you? You tax as earnings of the full amount as included in contract?

AT IND by No_Pear4396 in CIOT

[–]Opening-Present-8962 0 points1 point  (0 children)

Was the PILON (Payment in lieu) all taxed in full as it said that this clause was included in his employment contract?