Paragraph 5 Discounted securitiesI1
United Kingdom
In the case of a Part 5 transfer of property consisting of a F1deeply discounted security (within the meaning of F2Chapter 8 of Part 4 of ITTOIA 2005), it is not to be treated as a transfer for the purposes of that Chapter.
Annotations
Textual amendments
- F1
Word in Sch. 10 para. 5 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 583(3)(a) (with Sch. 2)
- F2
Words in Sch. 10 para. 5 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 583(3)(b) (with Sch. 2)
Commencement
- I1
Sch. 10 para. 5 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)