# Income Tax (Earnings and Pensions) Act 2003, Section 450: Definitions


(1) In this Chapter—
“interest”, in relation to shares, and
“shares”,
have the meaning indicated in section 420(8).
(2) In this Chapter “market value” has the meaning indicated in section 421(1).
(3) In this Chapter—
“the employee” (except in section 449), and
“employment-related securities”,
have the meaning indicated in section 421B(8).
(4) In this Chapter “associated person” has the meaning indicated in section 421C.
(5) In this Chapter—
“associated company”, and
“employee-controlled”,
have the meaning indicated in section 421H.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/450 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-450
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.