SCHEDULES
C1SCHEDULE 4 DEEP DISCOUNT SECURITIES
Annotations:
Modifications etc. (not altering text)
F1 Convertible securities: special rules
Annotations:
Amendments (Textual)
F1
1990 s.56and Sch.10 paras.26(3), 29(4)on and after 9June 1989.
21
In a case where—
a
a security is a qualifying convertible security, for the purposes of Schedule 10 to the Finance Act 1990, at the time of its issue, and
b
apart from this paragraph it would be a deep discount security at that time,
the security shall be treated, at the time of its issue and at all subsequent times, as not being a deep discount security.
Sch. 4 modified (27.7.1993) by 1993 c. 34, s. 64(2)