Corporation Tax Act 2009 section 69

5½% Treasury Stock 2008-2012 not redeemed before 6 April 2009

Section 69 restricts the amounts that can be brought into account under the loan relationships rules for companies holding 5½% Treasury Stock 2008-2012 outside of their trading activities.

• Applies to companies holding 5½% Treasury Stock 2008-2012 that was not redeemed before 6 April 2009
• Only applies where the company holds the stock outside the course of activities forming an integral part of a trade it carries on
• Where both conditions are met, no amounts are brought into account under the loan relationships rules except for interest
• This means any capital gains or losses on the stock are excluded from the corporation tax loan relationships calculations