[554Z3 Value of relevant step]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[554Z3  Value of relevant step]

[(1)     If the relevant step involves a sum of money, its value is the amount of the sum.

(2)     In any other case, the value of the relevant step is—

(a)     the market value when the relevant step is taken of the asset

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