{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-559",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-559.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/559",
  "kind": "section",
  "number": "559",
  "heading": "Securities which are approved charitable investments",
  "text": "(1) The investments to which this section applies are investments in securities—\n(a) issued or guaranteed by Her Majesty’s Government in the United Kingdom or by the government of a member State of the European Union,\n(b) issued or guaranteed by the government or a governmental body of any territory or part of a territory,\n(c) issued by an international entity listed in the Annex to Council Directive 2003/48/EC (directive on taxation of interest payments),\n(d) issued by an entity meeting the four criteria set out at the end of that Annex,\n(e) issued by a building society,\n(f) issued by a credit institution which operates on mutual principles and which is authorised by an appropriate governmental body in the territory in which the securities are issued,\n(g) issued by an open-ended investment company,\n(h) issued by a company and listed on a recognised stock exchange, or\n(i) issued by a company but not listed on a recognised stock exchange.\n(2) Subsection (1) is subject to section 560.\n(3) In this section and in section 560—\n“debentures” includes—\n(a)debenture stock and bonds (whether constituting a charge on assets or not), and\n(b)loan stock or notes,\n“open-ended investment company” is to be read in accordance with sections 613 and 615 of CTA 2010,\n“securities” includes shares and debentures, and\n“shares” includes stocks.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 559(1)(a) inserted (31.12.2020) by The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 15(6) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 559(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 536 (with Sch. 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/559",
    "retrieved_at": "2026-10-29T09:13:03.599581+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."
}