Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Income Tax Act 2007

Crossheading Interpretation

  • Section 671 Meaning of “interest”
  • Section 672 Meaning of “interest payment day”
  • Section 673 Meaning of “interest period”
  • Section 674 Meaning of “the settlement day”
  • Section 675 The holding of securities
  • Section 676 Nominal value of securities: general
  • Section 677 Nominal value: foreign currency securities
  1. Interpretation
  2. Nominal value of securities: general

Section 676 | Nominal value of securities: general

From legislation.gov.uk

(1)If the interest on securities is expressed to be payable by reference to a given value, for the purposes of this Chapter their nominal value is that value.

(2)In any other case, the nominal value of securities for those purposes is their price when they were issued.

(3)See section 677 if the nominal value of the securities is expressed in a currency other than sterling.

PreviousNext
PrivacyTerms