Statement of Practice 8 (1990)
Published 6 December 1990
© Crown copyright 1990
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If a qualifying corporate bond becomes of negligible value before its redemption date, relief may be claimed under TCGA 1992 s 254(3)(CGTA 1979 s 136A(3)) for the loss arising on the underlying loan. In the case of a qualifying corporate bond which ceased to have any value because it was redeemed early, HM Revenue and Customs accept that relief under s 254 may be claimed on the basis that the condition in s 254(3)(a) is satisfied.