{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-446J",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-446J.json",
  "legislation": "ukpga/2003/1",
  "legislation_title": "Income Tax (Earnings and Pensions) Act 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003",
  "path": "section/446J",
  "kind": "section",
  "number": "446J",
  "heading": "Definitions",
  "text": "(1) In this Chapter—\n“interest”, in relation to securities, and\n“securities”,\nhave the meaning indicated in section 420.\n(2) In this Chapter “market value” has the meaning indicated in section 421(1).\n(3) For the purposes of this Chapter sections 421(2) and 421A apply for determining the amount of the consideration given for anything and section 421I applies for determining the amount of the consideration given for the acquisition of employment-related securities.\n(4) In this Chapter—\n“the acquisition”,\n“the employee”, and\n“employment-related securities”,\nhave the meaning indicated in section 421B(8).\n(5) In this Chapter—\n“restricted interest in securities”, and\n“restricted securities”,\nhave the same meaning as in Chapter 2 of this Part (see sections 423 and 424).\n(6) In this Chapter “restriction” has the same meaning as in Chapter 2 of this Part (see section 432(8)).\n(7) In this Chapter “convertible securities” has the same meaning as in Chapter 3 of this Part (see section 436).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 7 Ch. 3A inserted (16.4.2003 with effect in accordance with Sch. 22 para. 5(2)-(4) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 5(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/section/446J",
    "retrieved_at": "2026-10-29T09:18:42.395488+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}