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CE 7B: Meaning of share scheme taxing date
or “When shares from an employee share scheme become taxable”
You could also call this:

“Who can benefit from an employee share scheme”

In an employee share scheme, you are considered an ‘employee share scheme beneficiary’ if you are either:

  1. A person who is described in section CE 7(a). This means you are likely an employee or someone who provides services to the company.

  2. A person who is closely connected to the person described above. This could be a family member or someone else with a close relationship to the employee or service provider.

These definitions help determine who can benefit from an employee share scheme under the Income Tax Act 2007.

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Next up: CE 7CB: Meaning of market value

or “How 'market value' is defined for employee share schemes”
Next

Part C Income
Employee or contractor income: Definitions

CE 7CMeaning of employee share scheme beneficiary

  1. Employee share scheme beneficiary means, for an employee share scheme,—

  2. a person (person A) who is described in section CE 7(a):
    1. a person who is an associate of person A.

      Notes
      • Section CE 7C: inserted, on , by section 22 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).