430 Meaning of “deeply discounted security”
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Deeply discounted securities

430  Meaning of “deeply discounted security”

(1)     The general rule is that a security is a “deeply discounted security” for the purposes of this Chapter if, as at the time it is issued, the amount payable on maturity or any other possible occasion of redemption (“A”) exceeds or may exceed the issue price by more than—

A

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