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Income Tax (Earnings and Pensions) Act 2003

Section 702: Meaning of “readily convertible asset”

2847.This section defines “readily convertible asset” in Chapter 4. It derives from parts of sections 203F and 203K of ICTA.

2848.Section 203F(6) defines “money” to include the European currency unit (ECU). That is no longer needed. See Note 59 in Annex 2.

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