Part 7F2Employment income: income and exemptions relating to securities
Annotations:
Amendments (Textual)
F1Chapter 4Post-acquisition benefits from securities
Annotations:
Amendments (Textual)
F1
Pt. 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)
450Definitions
1
In this Chapter—
“interest”, in relation to shares, and
“shares”,
have the meaning indicated in section 420(8).
2
In this Chapter “market value” has the meaning indicated in section 421(1).
3
In this Chapter—
“the employee” (except in section 449), 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.
5
In this Chapter—
“associated company”, and
“employee-controlled”,
have the meaning indicated in section 421H.
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)