ERSM60015 - Securities with Artificially Enhanced Value

Definitions

Chapter 3B Part 7 ITEPA 2003 uses the definitions contained in Chapter 1. They are:

Interest

Interest, in relation to securities, has the meaning ascribed by ITEPA03/S420.

Market value

Market value is determined in accordance with the TCGA92/S272 (see ERSM20400).

Acquisition

Acquisition has the meaning ascribed by ITEPA03/S421B (8). See ERSM20420.

Employee

Employee has the meaning ascribed by ITEPA03/S421B (8). See ERSM20240.

Employment-related securities

Employment-related securities are as defined in ITEPA03/S421B (8). See ERSM20210 and ERSM20230.

Restricted securities and restricted interest in securities

Restricted securities and restricted interest in securities have the same meaning as in Chapter 2 Part 7 ITEPA, ITEPA03/S423 and ITEPA03/S424. See ERSM30310.Non- commercial increase and non-commercial reductionNon-commercial increase and non- commercial reduction have the meaning indicated in ITEPA03/S446K (4). See ERSM60100.

Relevant period and valuation date

Relevant period and valuation date have the meaning indicated in ITEPA03/S446O. See ERSM60100.