Part 2Income tax, corporation tax and capital gains tax

Miscellaneous

60Index-linked gilt-edged securities

1

In section 399 of CTA 2009 (index-linked gilt-edged securities: basic rules), for subsection (4) substitute—

4

In this section and sections 400 to 400C—

  • “index-linked gilt-edged securities” means any gilt-edged securities under which the amounts of the payments are determined wholly or partly by reference to an index of prices published by the Statistics Board;

  • “relevant prices index”, in relation to an index-linked gilt-edged security, means the index of prices by reference to which the amounts of the payments under the security are wholly or partly determined.

2

In the following provisions of that Act, for “retail” substitute “ relevant ”

a

section 400(1)(b), (2), (3) and (6);

b

section 400A(3) and (7)(b).

3

Accordingly, in Schedule 14 to FA 2010, omit paragraph 4(4).

4

The amendments made by this section have effect in relation to securities issued on or after the day on which this Act is passed.