{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-427",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-427.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/427",
  "kind": "section",
  "number": "427",
  "heading": "Charge to tax on profits from deeply discounted securities",
  "text": "(1) Income tax is charged on profits on the disposal of deeply discounted securities.\n(2) The profits are treated as income for income tax purposes if they would not otherwise be income.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/427",
    "retrieved_at": "2026-10-29T09:16:32.370392+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."
}