Related Commentary  Related HMRC Manuals


In the heading, the words “for corporation tax” inserted by FA 2008, s. 8 and Sch. 2, para. 89 with effect in relation to disposals made on or after 6 April 2008 (FA 2008, Sch. 2, para. 100).

108(A1)  This section has effect for the purposes of corporation tax where any relevant securities are disposed of by a company.

108(1)  In this section “relevant securities”  means–

(a)securities, within the meaning of Chapter 2 of Part 12 of ITA 2007 (accrued income profits);

(aa)qualifying corporate bonds;

(b)[Repealed by FA 1996, s. 205 and Sch. 41, Pt. V(3).]

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