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 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.