Clause 39 - Corporation tax relief for employee share acquisitions etc

Part of Finance Bill – in a Public Bill Committee am 3:15 pm ar 4 Mehefin 2013.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Brooks Newmark Brooks Newmark Ceidwadwyr, Braintree 3:15, 4 Mehefin 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.