Related Commentary  Related HMRC Manuals

702(1)  In this Chapter “readily convertible asset”  means–

(a)an asset capable of being sold or otherwise realised on–

(i)a recognised investment exchange (within the meaning of the Financial Services and Markets Act 2000 (c. 8)),

(ii)the London Bullion Market,

(iii)the New York Stock Exchange, or

(iv)a market for the time being specified in PAYE regulations;

(b)an asset consisting in–

(i)the rights of an assignee, or any other rights, in respect of a money debt that is or may become due to the employer or any other person,

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