Section 440 — Finance Act 2003: Amount of charge

Amount of charge 440 1 The taxable amount for the purposes of section 438 (charge on occurrence of chargeable event) is— AG - CE 2 AG is the amount of any gain realised on the occurrence of the chargeable event.

3 CE is the amount of any consideration given for the entitlement to convert the employment-related securities or the securities in which they are an interest together with the amount of any expenses incurred by the holder of the employment-related securities in connection with the conversion, disposal, release or receipt.

4 Section 441 explains what is the amount of any gain realised on the occurrence of a chargeable event.

5 Section 442 explains whether consideration is given for the entitlement to convert the employment-related securities or the securities in which they are an interest and, if it is, what is its amount.