Section 446Y | Amount treated as income ^F1

From legislation.gov.uk

(1)Where this Chapter applies the amount determined under subsection (3) counts as employment income of the employee for the relevant tax year.^F1

(2)The “relevant tax year” is the tax year in which the disposal occurs.^F1

(3)The amount is—^F1

Formula

CD - MV - DA

where—

CD is the amount of the consideration given on the disposal,

MV is the market value of the employment-related securities at the time of the disposal, and

DA is the amount of any expenses incurred in connection with the disposal.