Part III Income Tax, Corporation Tax and Capital Gains Tax
Securities and investments
65 Relevant discounted securities.
F51
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F52
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F53
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F54
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F55
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F56
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F17
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8
Subject to subsections (9) to (12) below, F2subsection (7) above has effect in relation to—
a
any transfer of a security on or after 15th February 1999; or
b
any occasion on or after that date on which a person holding a security becomes entitled to any payment on its redemption.
9
For the purposes of section 92 of that Act, F3subsection (7) above—
a
F3has effect in relation to any accounting period of a company ending on or after 15th February 1999; but
b
F3does not affect any amount falling to be brought into account in respect of any disposal (in whole or in part) of an asset representing a creditor relationship if the disposal was one completed before that day.
10
For the purposes of paragraphs 17 and 18 of Schedule 9 to that Act, F3subsection (7) above—
a
F3has effect in relation to any accounting period of a company ending on or after 15th February 1999; but
b
F3does not affect any amount falling to be brought into account in respect of a security representing a debtor relationship of a company if, on that day, the company was no longer subject to any liability under the relationship.