# Finance Act 2000, Paragraph 125

Extent: E+W+S+N.I.

(1) For the purposes of this Schedule the “market value” of shares has the same meaning as, for the purposes of the Taxation of Chargeable Gains Act 1992, it has by virtue of Part VIII of that Act.
This is subject to paragraph 24(3) (determination of value of shares subject to restriction or risk of forfeiture).
(2) Where for the purposes of this Schedule the market value of shares on any date falls to be determined, the Inland Revenue and the trustees may agree that it shall be determined by reference to such date or dates, or to an average of the values on a number of dates, as may be provided in the agreement.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/125 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-125
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.