C1Part 7F2Employment income: income and exemptions relating to securities

Annotations:
Amendments (Textual)
F2

Pt. 7 heading 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)

Modifications etc. (not altering text)
C1

Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)

F1Chapter 3DSecurities disposed of for more than market value

Annotations:
Amendments (Textual)
F1

Pt. 7 Ch. 3D inserted (with effect in accordance with Sch. 22 para. 8(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 8(1)

446ZDefinitions

1

In this Chapter “market value” has the meaning indicated in section 421(1).

2

For the purposes of this Chapter sections 421(2) and 421A apply for determining the amount of the consideration given for anything.

3

In this Chapter—

  • “the employee”, and

  • “employment-related securities”,

  • have the meaning indicated in section 421B(8).

4

In this Chapter “associated person” has the meaning indicated in section 421C.