Part 7Employment income: income and exemptions relating to securities

F1Chapter 3DSecurities disposed of for more than market value

446XApplication of this Chapter

This Chapter applies if—

(a)

employment-related securities are disposed of by an associated person so that no associated person is any longer beneficially entitled to them, and

(b)

the disposal is for a consideration which exceeds the market value of the employment-related securities at the time of the disposal.