Part 7Employment income: income and exemptions relating to securities

F1Chapter 4Post-acquisition benefits from securities

450Definitions

(1)

In this Chapter—

“interest”, in relation to shares, and

“shares”,

have the meaning indicated in section 420(8).

(2)

In this Chapter “market value” has the meaning indicated in section 421(1).

(3)

In this Chapter—

“the employee” (except in section 449), and

“employment-related securities”,

have the meaning indicated in section 421B(8).

(4)

In this Chapter “associated person” has the meaning indicated in section 421C.

(5)

In this Chapter—

“associated company”, and

“employee-controlled”,

have the meaning indicated in section 421H.