Part 6

Relationships treated as loan relationships etc
Chapter 6

Alternative finance arrangements

Treatment for other tax purposes

Investment bond arrangements: treatment as securities
518
1
Investment bond arrangements are securities for the purposes of the Corporation Tax Acts.
2
For those purposes—
a
a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, ...
b
a reference in an enactment to interest is to be taken as a reference to alternative finance return, and
c
the bond-issuer is to be treated for the purposes of
Chapter 4 of Part 13 of CTA 2010 (securitisation companies)
as being party as debtor to a capital market arrangement.
3
In subsection (2) “the redemption payment” has the same meaning as in section 507 (see subsection (1)(d)(ii) of that section).
Word in s. 518(2)(a) omitted (1.4.2009 retrospective) by virtue of Corporation Tax Act 2009 (Amendment) Order 2009 (S.I. 2009/2860), arts. 1(2), 6(4)(a)
Words in s. 518(2)(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 631 (with Sch. 2)
S. 518(2)(c) and word inserted (1.4.2009 retrospective) by Corporation Tax Act 2009 (Amendment) Order 2009 (S.I. 2009/2860), arts. 1(2), 6(4)(b)