Income Tax Act 2007

676Nominal value of securities: generalU.K.
This section has no associated Explanatory Notes

(1)If the interest on securities is expressed to be payable by reference to a given value, for the purposes of this Chapter their nominal value is that value.

(2)In any other case, the nominal value of securities for those purposes is their price when they were issued.

(3)See section 677 if the nominal value of the securities is expressed in a currency other than sterling.