Section YC 20 — Income Tax Act 2007: Credit account continuity provisions: excluded fixed rate securities

YC 20 Credit account continuity provisions: excluded fixed rate securities When this section applies (1) This section applies for the purposes of the credit account continuity provisions. Counting excluded fixed rate securities (2) Section YC 6 applies as if— (a) section YC 6(1)(a) were omitted; and (b) each other reference to “ excluded fixed rate security ” were omitted. Relationship with section YA 1 (3) Section YA 1 (Definitions) applies as if— (a) paragraph (e) of the definition of excluded option were omitted; and (b) in paragraphs (a), (b), and (f) of the definition of market value circumstance , the words “ an excluded fixed rate security ” were replaced by “ a ” . Defined in this Act: credit account continuity provisions , excluded fixed rate security , Compare: 2004 No 35 s OD 6