{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-517",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-517.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/517",
  "kind": "section",
  "number": "517",
  "heading": "Treatment of bond-holder under investment bond arrangements",
  "text": "(1) This section applies for the purposes of the Corporation Tax Acts and irrespective of the position for other purposes.\n(2) The bond-holder under investment bond arrangements is not treated as having a legal or beneficial interest in the bond assets.\n(3) The bond-issuer under such arrangements is not treated as a trustee of the bond assets.\n(4) Profits accruing to the bond-issuer in connection with the bond assets are profits of the bond-issuer and not of the bond-holder (and do not arise to the bond-issuer in a fiduciary or representative capacity).\n(5) Payments made by the bond-issuer by way of redemption payment or additional payment are not made in a fiduciary or representative capacity.\n(6) The bond-holder is not entitled to relief for capital expenditure in connection with the bond assets.\n(7) Expressions used in this section have the same meaning as in section 507.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/517",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}