[479 Amount of gain realised on occurrence of chargeable event]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[479  Amount of gain realised on occurrence of chargeable event]

[(1)     This section applies for the purposes of section 478 (amount of charge on occurrence of chargeable event).

(2)     The amount of the gain realised on the occurrence of an event that is a chargeable event by virtue of section 477(3)(a) (acquisition of securities) is (subject to subsection (4))—

MV – C

(3)     In subsection (2)—

MV is the market value of the securities that are acquired at the time when they are acquired, and

C is the amount of any consideration given for the securities that are acquired.

[(3A)     . . .]

(4)     But the amount

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