151VTreatment as securities

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).