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.