Securities with Artificially Depressed Value
Chapter 3A Part 7 ITEPA 2003 uses the definitions contained in Chapter 1. They are:
Securities and Interest in relation to securities
Securities and interest in relation to securities have the meaning indicated inITEPA03/S420 (see ERSM20110).
Market value is determined in accordance with the TCGA92/S272 (see ERSM20400).
Consideration is determined in accordance with ITEPA03/S421 (2) and ITEPA03/S421A, see ERSM20430.
Acquisition has the meaning ascribed by ITEPA03/S421B (8), see ERSM20420.
Employee has the meaning ascribed by ITEPA03/S421B (8), see ERSM20240.
Restricted securities and restricted interest in securities
Restricted securities and restricted interest in securities have the same meaning as inChapter 2 Part 7 ITEPA, ITEPA03/S423 and ITEPA03/S424, see ERSM30310.
Convertible securities has the same meaning as in Chapter 3 Part 7 ITEPA, ITEPA03/S436, see ERSM40020.