Point in time view as at 02/12/2019.
Income Tax (Earnings and Pensions) Act 2003, Section 450 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(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.]
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)
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