Income Tax (Trading and Other Income) Act 2005 section 84

Exclusion of deeply discounted securities from accrued income profits

Section 84 originally excluded deeply discounted securities from the accrued income scheme provisions, but has since been repealed.

• This paragraph was part of the transitional provisions in Schedule 2 of ITTOIA 2005.
• It dealt with the interaction between deeply discounted securities and the accrued income scheme (formerly sections 711 to 728 of ICTA 1988).
• The provision has been repealed in its entirety by the Income Tax Act 2007.
• The repeal was effected by sections 1031 and 1034 of, and Schedule 3 Part 1 to, the Income Tax Act 2007.