This paragraph describes capital gains aspects of the regime for convertible securities for companies for accounting periods ending on or after 26 July 2001 unless the company ceased to be a party to the relationship before that date. For such cases and for periods ending before 26 July 2001 see CG54025.

FA96/S92 excludes from the loan relationships rules the profit or loss on redemption or other disposal of an asset representing a creditor loan relationship, where

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