# Proceeds of Crime Act 2002, Paragraph 5: Discounted securities

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

In the case of a Part 5 transfer of property consisting of a deeply discounted security (within the meaning of Chapter 8 of Part 4 of ITTOIA 2005), it is not to be treated as a transfer for the purposes of that Chapter.

---
Source: https://www.legislation.gov.uk/ukpga/2002/29/schedule/10/paragraph/5 (the official version)
Page: https://openlegislation.uk/proceeds-of-crime-act-2002/schedule-10/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.