Section 2(22)(f)

What section 2(22)(f) does, and where it sits. This library holds no authority that turns on it.

No authority in this library turns on Section 2(22)(f). That is a statement about this library and not about the law: it means no judgment, circular or instruction held here decides a point under it. What the provision does is explained below. If you are looking for a decision on it, say so through the search box — a provision people search for and we hold nothing on is the most useful thing we can be told.

Explained in this library

What section 2(22)(f) does, in plain English, before you read what the courts made of it.

Buyback and dividend after 1 October 2024

The company is buying back my shares. Is that still tax-free in my hands?

The perquisite already taxed is your cost - and a buy-back will not let you use it

I paid tax on the perquisite when my stock option shares were allotted. What is my cost when I sell them, and what changes if the company buys them back?

Worked examples

Notice situations in which section 2(22)(f) does the work, taken from the first line to the last. Each step carries the authority that licenses it.

Tax deducted on stock that cannot be sold, for money that never arrived My employer has deducted tax on my stock options at exercise, on a value I never received in cash, the shares cannot be sold, and part of what I got has since been bought back. What do I do now? 8 steps · 15 authorities · s.17(2)(vi), s.192, s.192(1C), s.197