Part 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)

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.