»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp following events are, per ITEPA03/S439(3), the chargeable events in connection with convertible securities:

• »Ê¹ÚÌåÓýapp conversion of the securities into securities of a different description where an “associated personâ€� has a beneficial interest in the newly converted securities (see ERSM20250).
• »Ê¹ÚÌåÓýapp disposal of convertible securities in return for consideration. »Ê¹ÚÌåÓýapp disposal must be by an associated person to someone who is not an associated person.
• »Ê¹ÚÌåÓýapp release of the entitlement to convert the securities in return for consideration.
• »Ê¹ÚÌåÓýapp receipt by an associated person of a benefit in money or money’s worth in respect of the entitlement to convert the securities. This could be, for example, compensation for the loss of entitlement to convert the securities.

»Ê¹ÚÌåÓýapp taxable amount is described in ERSM40070.