Income Tax Act 2007

870Other investmentsU.K.
This section has no associated Explanatory Notes

(1)An investment with a deposit-taker is not a relevant investment if—

(a)it is a loan made by a deposit-taker in the ordinary course of its business or activities,

(b)it is a debt on a security which is listed on a recognised stock exchange, or

(c)it is a debt on a debenture issued by the deposit-taker (see section 1022).

(2)An investment with a building society is not a relevant investment if—

(a)it is a loan made by a bank (as defined in section 991), or

(b)it is a security (including a share) issued by a building society which is listed, or capable of being listed, on a recognised stock exchange.