# Corporation Tax Act 2010, Section 1005: Meaning of “non-commercial securities”


For the purposes of paragraph E in section 1000(1) securities of a company are non-commercial securities if the consideration given by the company under the securities for the use of the principal secured by them represents more than a reasonable commercial return for the use of that principal.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1005 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1005
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.