442 Securities issued in accordance with qualifying earn-out right
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

442  Securities issued in accordance with qualifying earn-out right

(1)     This section applies if a security is issued to a person in accordance with the terms of a qualifying earn-out right.

(2)     The amount paid by the person to acquire the security is to be taken for the purposes of this Chapter to be the total of—

(a)     the market value, immediately

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