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Income Tax (Earnings and Pensions) Act 2003

Section 226: Valuable consideration given for restrictive undertakings

909.This section brings together the provisions that apply when the payment for the restrictive undertaking is in a non-monetary form. That is more logical and convenient than their present separation. It derives from section 313(4) and (6)(b) of ICTA.

910.The use of two sections emphasises the way the section relating to a non-monetary consideration operates through the preceding one.

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