ESPP/shares option as chargeble asset acquired

I

Iri2903

Registered User
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Hello,

Do I need to report the shares excercised by ESPP scheme which I have already paid RTSO also in the section "Chargeable assets acquired" In form 11?

Thanks
 
Yes, you do. If the ESPP is classified as a share option, which paying by RTSO would indicate, then you are required to file a Form 11 tax return. A person who has tax to pay under the RTSO scheme is automatically a chargeable person and, as such, is required to file a tax return.
 
Thanks for your reply!

Do I also need to report the total amount of them in Section M "Chargeable assets acquired"?
 
Yes you probably do but I'd say the vast majority of people don't (including me) and I'm not saying for a moment that this non-reporting is correct.
 
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