Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Debt on security: other debts deemed to be securities

Certain debts are specifically included in the definition of security for capital gains purposes. This treatment ensures that the exemption of gains under TCGA92/S251 (1), see CG53471, will not apply in these cases.

The circumstances where this applies are set out in the following paragraphs.