Part 4Savings and investment income
C1Chapter 8Profits from deeply discounted securities
Annotations:
Modifications etc. (not altering text)
Charge to tax under Chapter 8
427Charge to tax on profits from deeply discounted securities
1
Income tax is charged on profits on the disposal of deeply discounted securities.
2
The profits are treated as income for income tax purposes if they would not otherwise be income.
Pt. 4 Ch. 8 applied (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 406(4), 1329(1) (with Sch. 2 Pts. 1, 2)