Section 78 | Loan capital.

(1)Repealed^F1

(2)Repealed^F1

(3)Repealed^F1

(4)Repealed^F1

(5)Repealed^F1

(6)Repealed^F1

(7)In this section “loan capital” means—

(a)any debenture stock, corporation stock or funded debt, by whatever name known, issued by a body corporate or other body of persons (which here includes a local authority and any body whether formed or established in the United Kingdom or elsewhere);

(b)any capital raised by such a body if the capital is borrowed or has the character of borrowed money, and whether it is in the form of stock or any other form;

(c)stock or marketable securities issued by the government of any country or territory outside the United Kingdom;

(d)any capital raised under arrangements to which section 564G of the Income Tax Act 2007 or section 507 of the Corporation Tax Act 2009 (alternative finance investment bonds) applies .^F2F3F4F5

(8)Repealed^F1

(9)In this section “designated international organisation” means an international organisation designated for the purposes of section 324 of the Taxes Act 1988 by an order made under subsection (1) of that section.^F6

(10)Repealed^F1

(11)Repealed^F1

(12)Repealed^F1

(13)Repealed^F1

(14)Repealed^F1