Section 754 | Redemption of funding bonds

(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.^F1

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