# Taxation of Chargeable Gains Act 1992, Section 236G: Relinquishment of employment rights is not disposal of an asset

Extent: E+W+S+N.I.

(1) This section applies where an individual has acquired shares in consideration of entering into an agreement by virtue of which the individual is an employee shareholder (see section 205A(1)(a) to (d) of the Employment Rights Act 1996).
(2) The individual is not to be regarded as disposing of an asset by reason of the individual ceasing to have, or not acquiring, the rights mentioned in section 205A of the Employment Rights Act 1996 (rights which an employee shareholder does not have) in consequence of entering into the agreement.

---
Source: https://www.legislation.gov.uk/ukpga/1992/12/section/236G (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-236G
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.