[CG54130] Qualifying corporate bonds: loan relationships: asset-linked securities
This paragraph describes the capital gains aspects of the regime for asset-linked securities for companies for accounting periods ending on or after 26 July 2001. For periods ending before 26 July 2001, see CG54030.
FA96/S93 excludes from the loan relationships regime the profit or loss on redemption or other disposal of a loan relationship where the amount which has to be paid to discharge the debt (whether on redemption or otherwise) is calculated by applying a relevant percentage change in the value of chargeable assets to the amount of the original loan. Such a loan relationship is referred to as an ‘asset-linked security’.