Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Corporation Tax Act 2010 section 1015
Meaning of "special securities"
Section 1015 defines what counts as a "special security" for the purposes of the distribution rules in section 1000, setting out five conditions (A to E) any one of which, if met, will make a security "special" and potentially bring interest or other returns within the distribution regime rather than being treated as normal debt.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.