Valid from 01/04/2009
518Investment bond arrangements: treatment as securitiesU.K.
This section has no associated Explanatory Notes
(1)Investment bond arrangements are securities for the purposes of the Corporation Tax Acts.
(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 507 (see subsection (1)(d)(ii) of that section).