# Income Tax (Earnings and Pensions) Act 2003, Section 446X: Application of this Chapter


This Chapter applies if—
(a) employment-related securities are disposed of by an associated person so that no associated person is any longer beneficially entitled to them, and
(b) the disposal is for a consideration which exceeds the market value of the employment-related securities at the time of the disposal.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/446X (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-446X
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.