Accrued income scheme

Assets held on 6 April 1965

Compensation stock

Compensation stock, exception for

Debentures

Equation of converted securities and new holding

Gilt-edged securities

Meaning

No disposal/no acquisition rule

Additional consideration given

Additional consideration received

Anti-avoidance rule

Clearance procedure

Generally

No acquisition of new holding

No disposal of original shares

Premiums

Qualifying corporate bonds

Securities, meaning

Transitional provisions