# Income Tax Act 2007, Paragraph 157


(1) This paragraph applies to a certificate of deposit which was issued by a deposit-taker before 13 March 1984 on terms which provide for interest to be payable on the deposit at any time after 5 April 1985 (whether or not interest is payable on it before that date).
(2) The certificate of deposit is to be treated as a qualifying certificate of deposit for the purposes of section 865.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/2/paragraph/157 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-2/paragraph-157
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.