Part 7

Employment income: income and exemptions relating to securities
Chapter 4

Post-acquisition benefits from securities

Definitions
450
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.
Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)
Pt. 7 Ch. 4 (ss. 447-450) substituted for Pt. 7 Ch. 4 (ss. 447-470) (16.4.2003 with effect in accordance with Sch. 22 para. 9(2)-(4) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 9(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)