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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Supplementary provisions

  • Section 207 Meaning of “annual rental value”
  • Section 208 Meaning of “market value”
  • Section 209 Meaning of “persons providing benefit”
  • Section 210 Power to exempt minor benefits
  1. Supplementary provisions
  2. Meaning of “market value”

Section 208 | Meaning of “market value”

From legislation.gov.uk

For the purposes of this Chapter the market value of an asset at any time is the price which the asset might reasonably be expected to fetch on a sale in the open market at that time.

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