Point in time view as at 17/07/2013.
Income Tax (Earnings and Pensions) Act 2003, Section 421A is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)This section applies for determining for the purposes of Chapters 2 to 5 the amount of the consideration given for anything.
(2)If any consideration is given partly in respect of one thing and partly in respect of another, the amount given in respect of the different things is to determined on a just and reasonable apportionment.
(3)The consideration which is taken to be given wholly or partly for anything does not include the performance of any duties of, or in connection with, an employment.
(4)No amount is to be counted more than once in calculating the amount of any consideration.]
Textual Amendments
F1Pt. 7 Ch. 1 substituted (with effect in accordance with Sch. 22 para. 2(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 2(1)
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