AMOUNT OF PRINCIPAL SECURED: NON-COMMERCIAL SECURITIES

102  Section 1006 applies only to securities issued after 5 April 1972.

Origin

Para. 102: ICTA 1988, s. 209(3).


MEANING OF “SPECIAL SECURITIES”

103(1)  Securities do not meet Condition A in section 1015 if they were issued–

(a)before 6 April 1965 in respect of shares, or

(b)before 6 April 1972 in respect of securities.

103(2)  Securities do not fall within section 1015(3)(a)(ii) if they were issued before 6 April 1972.

Origin

Para. 103(1): ICTA 1988, s. 209(2).

Para. 103(2): ICTA 1988, s. 209(2).


AMOUNT OF PRINCIPAL SECURED: SPECIAL SECURITIES

104  Section 1018(1) applies only to securities issued after 5 April 1972.

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