433 Meaning of “excluded indexed security”
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

433  Meaning of “excluded indexed security”

(1)     In this Chapter “excluded indexed security” means a security under the terms of which the amount payable on redemption is determined by applying to the amount for which the security was issued the percentage change (if any) over the security's redemption period in—

(a)     the value of chargeable assets of a particular description, or

(b)     an index of the value of such assets.

(2)     The fact that the terms under which the security is issued include a provision to the effect that the amount payable on its redemption

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