SCHEDULES

SCHEDULE 2Transitionals and savings etc.

Part 5Savings and investment income: general

Exclusion of deeply discounted securities from section 711 to 728 of ICTA (accrued income profits)

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Securities only fall within paragraph (f) of section 710(3) of ICTA (meaning of “securities” for purposes of sections 711 to 728), as substituted by Schedule 1 to this Act, if the disposal of the securities on or after 6th April 2005 would be a disposal of deeply discounted securities for the purposes of Chapter 8 of Part 4 of this Act.