{
  "url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-2/paragraph-42",
  "json_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-2/paragraph-42.json",
  "legislation": "ukpga/2010/8",
  "legislation_title": "Taxation (International and Other Provisions) Act 2010",
  "legislation_url": "https://openlegislation.uk/taxation-international-and-other-provisions-act-2010",
  "path": "schedule/2/paragraph/42",
  "kind": "paragraph",
  "number": "42",
  "heading": null,
  "text": "After section 151U insert—\n“Treatment as securities\n151V (1) Investment bond arrangements are securities for the purposes of this Act and any other enactment about capital gains tax.\n(2) For those purposes—\n(a) a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, and\n(b) a reference in an enactment to interest is to be taken as a reference to alternative finance return.\n(3) In subsection (2) “the redemption payment” has the same meaning as in section 151N (see subsection (1)(d)(ii) of that section).”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/42",
    "retrieved_at": "2026-10-29T09:10:17.008829+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."
}