[446C Amount of charge]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[446C  Amount of charge]

[(1)     The taxable amount for the purposes of section 446B (charge on acquisition) is—

FMV – MV

(2)     FMV is what would be the market value of the employment-related securities at the time of the acquisition if the things mentioned in section 446B(1) had not been done.

(3)

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