[F1448Amount of chargeU.K.
This section has no associated Explanatory Notes
The taxable amount for the purposes of section 447 (charge on other chargeable benefits) is the amount or market value of the benefit.]
Textual Amendments
F1Pt. 7 Ch. 4 (ss. 447-450) substituted for Pt. 7 Ch. 4 (ss. 447-470) (16.4.2003 with effect in accordance with Sch. 22 para. 9(2)-(4) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 9(1)