Section 518 | Investment bond arrangements: treatment as securities

(1)Investment bond arrangements are securities for the purposes of the Corporation Tax Acts.

(2)For those purposes—

(a)a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, ...^F1

(b)a reference in an enactment to interest is to be taken as a reference to alternative finance return, and^F2

(c)the bond-issuer is to be treated for the purposes of Chapter 4 of Part 13 of CTA 2010 (securitisation companies) as being party as debtor to a capital market arrangement.^F2F3

(3)In subsection (2) “the redemption payment” has the same meaning as in section 507 (see subsection (1)(d)(ii) of that section).