Beneficial owner of interest payable by parent guarantor

Corporation tax on chargeable gains, subject to

Debt on security, exchange rate loss

Disposal of debt

Entitlement to redeem under material tax change provisions, withholding tax

Exchange of shares

Fixed rate of interest from issue to redemption

Generally

Inspector's just and reasonable determination

Held-over capital gain brought into charge

Profits realised, appropriation to share premium account

Qualifying corporate bonds

Amendment of notes

Disposal of

Generally

Redemption under material tax change provisions, withholding tax