Income Tax (Earnings and Pensions) Act 2003 section 446G

Adjustment of market value: consideration for entitlement to convert

Section 446G adjusts the market value used in calculating whether consideration has been given for the right to convert employment-related securities, where that market value has been artificially depressed through non-commercial actions.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.