Part 7

Employment income: share-related income and exemptions
Chapter 2

Conditional interests in shares

Supplementary provisions

Application of this Chapter where employee dies
431
1
If the employee dies holding the employee’s interest, this Chapter applies as if the employee had disposed of the interest immediately before dying.
2
The market value of the interest at the time of that disposal is to be determined for the purposes of section 428 (amount of charge) on the basis—
a
that it is known that the disposal is being made immediately before the employee’s death, and
b
that any restriction on disposal is to be disregarded in so far as it is a restriction terminating on the employee’s death.