Statute
Section 676 — Income Tax Act 2007: Nominal value of securities: general
Text of the provision Official document
Nominal value of securities: general 676 1 If the interest on securities is expressed to be payable by reference to a given value, for the purposes of this Chapter their nominal value is that value.
2 In any other case, the nominal value of securities for those purposes is their price when they were issued.
3 See section 677 if the nominal value of the securities is expressed in a currency other than sterling.
Official source: legislation.gov.uk
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