Section 446W — Income Tax (Earnings and Pensions) Act 2003: Definitions

Definitions 446W 1 In this Chapter— “ interest ”, in relation to securities, “ securities ”, “ securities option ”, 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 ” has the meaning indicated in section 421B(8) (but subject to section 446Q(4)).

4 In this Chapter— “ the employment ”, “ the employee ” (except in section 446R), “ the employer ”, and “ employment-related securities ”, have the meaning indicated in section 421B(8).

5 In this Chapter “ associated person ” has the meaning indicated in section 421C.

6 In this Chapter— “ associated company ”, and “ employee-controlled ”, have the meaning indicated in section 421H.

7 In this Chapter “ the notional loan ” has the meaning indicated in section 446S(1).