Statute
Section 437 — Finance Act 2003: Adjustment of charge
Text of the provision Official document
Adjustment of charge 437 For the purposes of—
a any liability to tax under Chapter 1 of Part 3 (earnings), Chapter 10 of Part 3 (taxable benefits: residual liability to charge) or Chapter 5 of this Part (acquisition of securities pursuant to securities option),
and b the operation of Chapter 3C of this Part (acquisition of securities for less than market value), the market value of the employment-related securities is to be determined as if they were not convertible securities or an interest in convertible securities.
Official source: legislation.gov.uk
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