
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 421C


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 03/08/2005.
Changes to legislation:
Income Tax (Earnings and Pensions) Act 2003, Section 421C 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.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
[421CAssociated personsU.K.
This section has no associated Explanatory Notes
(1)For the purposes of this Chapter and Chapters 2 to 4 the following are “associated persons” in relation to employment-related securities—
(a)the person who acquired the employment-related securities on the acquisition,
(b)(if different) the employee, and
(c)any relevant linked person.
(2)A person is a relevant linked person if—
(a)that person (on the one hand), and
(b)either the person who acquired the employment-related securities on the acquisition or the employee (on the other),
[are or have been connected or (without being or having been connected) are or have been] members of the same household.
(3)But a company which would otherwise be a relevant linked person is not if it is—
(a)the employer,
(b)the person from whom the employment-related securities were acquired,
(c)the person by whom the right or opportunity to acquire the employment-related securities was made available, or
(d)the person by whom the employment-related securities (or the securities in which they are an interest) were issued.]
Back to top