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
Income Tax (Trading and Other Income) Act 2005 section 434
Securities issued in separate tranches: preliminary
Section 434 introduces two special rules — the "basic rule" and the "nominal value rule" — for determining whether securities issued in tranches under a single prospectus qualify as deeply discounted securities.
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.