Section 518 — Corporation Tax Act 2009: Investment bond arrangements: treatment as securities

Investment bond arrangements: treatment as securities 518 1 Investment bond arrangements are securities for the purposes of the Corporation Tax Acts.

2 For those purposes—

a a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, ... b a reference in an enactment to interest is to be taken as a reference to alternative finance return , and c the bond-issuer is to be treated for the purposes of Chapter 4 of Part 13 of CTA 2010 (securitisation companies) as being party as debtor to a capital market arrangement.

3 In subsection (2) “ the redemption payment ” has the same meaning as in section 507 (see subsection (1)(d)(ii) of that section).