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Section 452B Meaning of “interest-bearing corporate security” in Chapter 8F1F2

(1)

In this Chapter “interest-bearing corporate security” means any interest-bearing security other than—

(a)

a security issued by the government of a territory, or

(b)

a share in a company.

(2)

In this section “interest-bearing security” includes any loan stock or similar security.

(3)

Section 452D(4)(a) gives an extended meaning to references to converting an interest-bearing corporate security into corporate strips (and related expressions).

Annotations

Textual amendments

F1

Ss. 452A-452G and preceding cross-heading inserted (retrospectively) by Finance (No. 2) Act 2005 (c. 22), s. 39, Sch. 7 para. 25(8)(10)

F2

Ss. 452A-452G and preceding cross-heading inserted (retrospectively) by Finance (No. 2) Act 2005 (c. 22), s. 39, Sch. 7 para. 25(8)(10)

Notes on Chapter 8

Modifications

C1

Pt. 4 Ch. 8 applied (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 406(4), 1329(1) (with Sch. 2 Pts. 1, 2)