Point in time view as at 15/09/2016.
There are currently no known outstanding effects for the Taxation (International and Other Provisions) Act 2010, Paragraph 42.
42U.K.After section 151U insert—
(1)Investment bond arrangements are securities for the purposes of this Act and any other enactment about capital gains tax.
(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 151N (see subsection (1)(d)(ii) of that section).”
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