Taxation of Chargeable Gains Act 1992 section 151V

Treatment as securities

Section 151V establishes that investment bond arrangements are treated as securities for capital gains tax purposes, and clarifies how key terms such as redemption and interest should be interpreted in this context.

• Investment bond arrangements are classified as securities for CGT and all related legislation
• References to "redemption" in legislation should be read as references to making the redemption payment under the bond arrangements
• References to "interest" in legislation should be read as references to alternative finance return
• The meaning of "redemption payment" is as defined in section 151N of the Act