Related Commentary  Related HMRC Manuals


Heading substituted by FA 2010, s. 41 and Sch. 14, para. 4(2), with effect in relation to adjustments made under CTA 2009, s. 400(2) in respect of increases in the retail prices index over periods beginning on or after 9 December 2009 (but see also the transitional provisions in FA 2010, Sch. 14, para. 9). Former heading read “Index-linked gilt-edged securities: basic rules”.

399(1)  This section applies if a loan relationship is represented by an index-linked gilt-edged security.

399(2)  The amounts to be brought into account for the purposes of this Part are to be determined using fair value accounting.

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