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

Adjustment of market value: charge on conversion

Section 446H counters arrangements that artificially depress the market value of securities received on conversion of employment-related convertible securities, ensuring the tax charge on conversion reflects the true value of the converted securities.

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.