Income Tax Act 2007

870Other investmentsU.K.
This section has no associated Explanatory Notes

(1)An investment with a deposit-taker is not a relevant investment if—

(a)it is a loan made by a deposit-taker in the ordinary course of its business or activities,

(b)it is a debt on a security which is listed on a recognised stock exchange, or

(c)it is a debt on a debenture issued by the deposit-taker (see section 1022).

F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1S. 870(2) omitted (with effect in accordance with Sch. 6 para. 28 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 6 para. 15