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Legislation
Income Tax (Earnings and Pensions) Act 2003

Chapter 3D Securities disposed of for more than market value

  • Section 446X Application of this Chapter
  • Section 446Y Amount treated as income
  • Section 446Z Definitions
  1. Chapter 3D
  2. Application of this Chapter

Section 446X | Application of this Chapter

From legislation.gov.uk

This Chapter applies if—F1

(a)employment-related securities are disposed of by an associated person so that no associated person is any longer beneficially entitled to them, andF1

(b)the disposal is for a consideration which exceeds the market value of the employment-related securities at the time of the disposal.F1

Notes

  1. F1

    Pt. 7 Ch. 3D inserted (with effect in accordance with Sch. 22 para. 8(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 8(1)

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