Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Interest only income

  • Section 749 Repayment interest, and interest paid under repayment supplements
  • Section 749A Interest on tax overpaid
  • Section 750 Interest from tax reserve certificates
  • Section 751 Interest on damages for personal injury
  • Section 752 Interest under employees' share schemes
  • Section 753 Interest on repayment of student loan
  • Section 753A Interest on unpaid relevant contributions
  • Section 754 Redemption of funding bonds
  • Section 755 Interest on foreign currency securities etc. owned by non-UK residents
  • Section 756 Which securities and loans are foreign currency ones for section 755
  • Section 756A Interest on certain deposits of victims of National-Socialist persecution
  1. Interest only income
  2. Redemption of funding bonds

Section 754 | Redemption of funding bonds

From legislation.gov.uk

(1)The redemption of funding bonds is not treated as the payment of interest on a debt for income tax purposes if their issue was treated under section 380 of this Act or section 413 of CTA 2009 as the payment of interest on the debt.

(2)In this section “funding bonds” includes any bonds, stocks, shares, securities or certificates of indebtedness.

PreviousNext
PrivacyTerms