C1Part 7F2Employment income: income and exemptions relating to securities

Annotations:
Amendments (Textual)
F2

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)

Modifications etc. (not altering text)
C1

Pt. 7: power to modify conferred (7.4.2005) by Finance Act 2005 (c. 7), s. 21(8)-(10)

F1Chapter 4AShares in research institution spin-out companies

Annotations:
Amendments (Textual)
F1

Pt. 7 Ch. 4A inserted (with effect in accordance with s. 20(5)-(7) of the amending Act) by Finance Act 2005 (c. 7), s. 20(1)

Supplementary

460Definitions

1

In this Chapter—

  • “interest”, in relation to shares, and

  • “shares”,

have the meaning indicated in section 420.

2

In this Chapter “market value” has the meaning indicated in section 421(1).

3

In this Chapter—

  • “the acquisition”,

  • “the employee”, and

  • “the employer”,

have the meaning indicated in section 421B(8).

4

In this Chapter—

  • “restricted interest in securities”, and

  • “restricted securities”,

have the meaning indicated in sections 423 and 424.