Statute
Section 446D — Finance Act 2003: Restricted securities and convertible securities
Text of the provision Official document
Restricted securities and convertible securities 446D 1 Where the employment-related securities are restricted securities or a restricted interest in securities, FMV (but not MV) is to be determined as if the employment-related securities were not restricted securities or a restricted interest in securities; and, accordingly, sections 426 to 431 (post-acquisition charges on restricted securities) do not apply to the employment-related securities.
2 Where the employment-related securities are convertible securities or an interest in convertible securities, FMV and MV are to be determined as if they were not.
Official source: legislation.gov.uk
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from UK courts and tribunals with a plain-English summary and legal holding.
Explore case law →