754Redemption of funding bondsU.K.
This section has no associated Explanatory Notes
(1)The redemption of funding bonds is not treated as the payment of interest on a debt for income tax purposes if their issue was treated under section 380 of this Act or section 582(1) of ICTA as the payment of interest on the debt.
(2)In this section “funding bonds” includes any bonds, stocks, shares, securities or certificates of indebtedness.