Part 7

Employment income: income and exemptions relating to securities
Chapter 1

Introduction

Interpretation of Chapters 1 to 5

Meaning of “consideration”
421A
1
This section applies for determining for the purposes of Chapters 2 to 5 the amount of the consideration given for anything.
2
If any consideration is given partly in respect of one thing and partly in respect of another, the amount given in respect of the different things is to determined on a just and reasonable apportionment.
3
The consideration which is taken to be given wholly or partly for anything does not include the performance of any duties of, or in connection with, an employment.
4
No amount is to be counted more than once in calculating the amount of any consideration.
Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)
Pt. 7 Ch. 1 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)
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)