OpenLegislation

Paragraph 433

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Amend section 117 (meaning of qualifying corporate bond) as follows.

(2)

In subsection (2AA) for “relevant discounted security for the purposes of Schedule 13 to the Finance Act 1996” substitute “ deeply discounted security for the purposes of Chapter 8 of Part 4 of ITTOIA 2005 (see section 430) ”.

(3)

In subsection (6C) for “Schedule 13 to the Finance Act 1996 (relevant discounted securities)” substitute “ Chapter 8 of Part 4 of ITTOIA 2005 (profits from deeply discounted securities) (see section 433) ”.