431Application of this Chapter where employee diesU.K.
This section has no associated Explanatory Notes
(1)If the employee dies holding the employee’s interest, this Chapter applies as if the employee had disposed of the interest immediately before dying.
(2)The market value of the interest at the time of that disposal is to be determined for the purposes of section 428 (amount of charge) on the basis—
(a)that it is known that the disposal is being made immediately before the employee’s death, and
(b)that any restriction on disposal is to be disregarded in so far as it is a restriction terminating on the employee’s death.