Related Commentary  Related HMRC Manuals

986(1)  In this Part “qualifying uncertificated eligible debt security unit”  means an uncertificated eligible debt security unit under which–

(a)the amount payable is at least £50,000, exclusive of interest, and

(b)that amount is payable at a specified time within 5 years beginning with the date on which the deposit is made.

986(2)  If an amount is denominated in a foreign currency, subsection (1)(a) has effect as if it referred to an amount which is at least the equivalent in that currency of £50,000 at the time the deposit is made.

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