Part IIIIncome Tax, Corporation Tax and Capital Gains Tax
Chargeable gains
50Corporate bonds
In section 117 of the [1992 c. 12.] Taxation of Chargeable Gains Act 1992 (qualifying corporate bonds) the following subsection shall be inserted after subsection (2)—
2A
Where it falls to be decided whether at any time on or after 29th November 1994 a security (whenever issued) is a corporate bond for the purposes of this section, a security which falls within paragraph 2(2)(c) of Schedule 11 to the [1989 c. 26.] Finance Act 1989 (quoted indexed securities) shall be treated as not being a corporate bond within the definition in subsection (1) above.