[428 Amount of charge]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[428  Amount of charge]

[(1)     The taxable amount for the purposes of section 426 (charge on occurrence of chargeable event) is—

UMV x (IUP – PCP – OP) – CE

(2)     UMV is what would be the market value of the employment-related securities immediately after the chargeable event but for any restrictions.

(3)     IUP is—

IUMV – DA / IUMV

·É³ó±ð°ù±ð—

IUMV is what would have been the market value of the employment-related securities at the time of the acquisition but for any restrictions, and

DA is the total of any deductible amounts.

(4)     PCP is the aggregate of the result of the application of the formula—

IUP – PCP – OP

on each previous event (if any) occurring since the acquisition that was a chargeable event for the purposes of section 426 in relation to the employment-related securities (and so is nil if there has not been such a previous event).

(5)     OP is—

UMV – AMV / UMV

where AMV is the actual market value of the employment-related securities immediately after the chargeable event.

(6)     CE is any expenses incurred by the holder of the employment-related securities in connection with—

(a)     the employment-related

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