[F1437Adjustment of chargeU.K.
This
adran has no associated
Nodiadau Esboniadol
For the purposes of—
(a)any liability to tax under Chapter 1 of Part 3 (earnings), Chapter 10 of Part 3 (taxable benefits: residual liability to charge) or Chapter 5 of this Part (acquisition of securities pursuant to securities option), and
(b)the operation of Chapter 3C of this Part (acquisition of securities for less than market value),
the market value of the employment-related securities is to be determined as if they were not convertible securities or an interest in convertible securities.]
Textual Amendments
F1Pt. 7 Ch. 3 substituted (1.9.2003 with effect in accordance with Sch. 22 para. 4(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 4(1); S.I. 2003/1997, art. 2