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Changes over time for: Section 151T


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 08/06/2013.
Changes to legislation:
Taxation of Chargeable Gains Act 1992, Section 151T is up to date with all changes known to be in force on or before 18 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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[151TInvestment bond arrangements are qualifying corporate bondsU.K.
(1)For the purposes of section 117, investment bond arrangements are a corporate bond, issued on the date on which the arrangements are entered into, if each of conditions A to D is met.
(2)Condition A is that the capital is expressed in sterling.
(3)Condition B is that the arrangements do not include provision for the redemption payment to be in a currency other than sterling.
(4)Condition C is that entitlement to the redemption payment is not capable of conversion (directly or indirectly) into an entitlement to the issue of securities apart from other arrangements to which section 151N applies.
(5)Condition D is that the additional payments are not determined wholly or partly by reference to the value of the bond assets.
(6)Section 117(2) applies for the purposes of this section as it applies for the purposes of section 117(1).
[(7)Expressions used in this section have the same meaning as in section 151N.]]
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