# The Social Security (Contributions) Regulations 2001, Paragraph 2


An asset which, in accordance with section 697 of ITEPA 2003 (PAYE: enhancing the value of an asset), would be treated, for the purposes of section 696 of that Act, as a readily convertible asset.

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Source: https://www.legislation.gov.uk/uksi/2001/1004/schedule/3/part/III/paragraph/2 (the official version)
Page: https://openlegislation.uk/social-security-contributions-regulations-2001/schedule-3/part-III/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.