Part 7Employment income: income and exemptions relating to securities
F1Chapter 5Securities options
Supplementary provisions
484Definitions
(1)
In this Chapter—
“securities”, and
“securities option”,
have the meaning indicated in section 420.
(2)
In this Chapter “market value” has the meaning indicated in section 421(1).
(3)
For the purposes of this Chapter sections 421(2) and 421A apply for determining the amount of consideration given for anything.
(4)
In this Chapter “employment-related securities” has the same meaning as in Chapter 1 of this Part (see section 421B(8)).
(5)
In this Chapter—
“the acquisition”,
“the employee”,
“the employer”,
“the employment”, and
“employment-related securities option”,
have the meaning indicated in section 471(5).
(6)
In this Chapter “associated person” has the meaning indicated in section 472.
(7)
In this Chapter—
“secondary Class 1 contributions” has the same meaning as in the Contributions and Benefits Act (see section 1 of that Act), F2...
F2...