Section 484 — Finance Act 2003: Definitions

Definitions 484 1 In this Chapter— “ securities ”, and “ securities option ”, have the meaning indicated in section 420.

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

3 For the purposes of this Chapter sections 421(2) and 421A apply for determining the amount of consideration given for anything.

4 In this Chapter “ employment-related securities ” has the same meaning as in Chapter 1 of this Part (see section 421B(8)).

5 In this Chapter— “ the acquisition ”, “ the employee ”, “ the employer ”, “ the employment ”, and “ employment-related securities option ”, have the meaning indicated in section 471(5).

6 In this Chapter “ associated person ” has the meaning indicated in section 472.

7 In this Chapter— “ secondary Class 1 contributions ” has the same meaning as in the Contributions and Benefits Act (see section 1 of that Act), and “ the Contributions and Benefits Act ” means SSCBA 1992 or SSCB(NI)A 1992.