Statute
Section 151V — Taxation of Chargeable Gains Act 1992: Treatment as securities
Text of the provision Official document
Treatment as securities 151V 1 Investment bond arrangements are securities for the purposes of this Act and any other enactment about capital gains tax.
2 For those purposes—
a a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, and b a reference in an enactment to interest is to be taken as a reference to alternative finance return.
3 In subsection (2) “ the redemption payment ” has the same meaning as in section 151N (see subsection (1)(d)(ii) of that section).
Official source: legislation.gov.uk
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