[F1564T Treatment as securitiesU.K.
This section has no associated Explanatory Notes
(1)Investment bond arrangements are securities for the purposes of the Income Tax Acts (including Chapters 1 to 5 of Part 7 of ITEPA 2003).
(2)For those purposes—
(a)a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, and
(b)a reference in an enactment to interest is to be taken as a reference to alternative finance return.
(3)In subsection (2) “the redemption payment” has the same meaning as in section 564G (see subsection (1)(d)(ii) of that section).]
Textual Amendments
F1S. 564T inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 2 para. 21 (with Sch. 9 paras. 1-9, 22)