Section 398 — Corporation Tax Act 2009: Overview of Chapter

Overview of Chapter 398 1 This Chapter sets out rules relating to the holding of particular kinds of securities.

2 In particular, see—

a sections 399 to 400C (index-linked gilt-edged securities), aa sections 401 to 405 (other gilt-edged securities),

b sections 406 to 412 (deeply discounted securities: connected companies and close companies),

c sections 413 and 414 (funding bonds),

d sections 415 to 419 (derivatives), ... e section 420 (assumptions where options etc apply) , and f section 420A (hybrid capital instruments).

3 For other special rules about deeply discounted securities, see section 385 (company partners' shares where firm owns deeply discounted securities).