# Income Tax (Trading and Other Income) Act 2005, Section 754: Redemption of funding bonds

Extent: E+W+S+N.I.

(1) The redemption of funding bonds is not treated as the payment of interest on a debt for income tax purposes if their issue was treated under section 380 of this Act or section 413 of CTA 2009 as the payment of interest on the debt.
(2) In this section “funding bonds” includes any bonds, stocks, shares, securities or certificates of indebtedness.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/754 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-754
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.