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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Qualifying corporate bonds: relevant discounted securities: introduction

FA96 introduced substantial changes to the taxation treatment of debts. The paragraphswhich follow deal solely with the changes which apply to debts held by individuals, andother non-corporates including trustees, with effect from 6 April 1996. Changes whichapply to debts held by companies are covered at CG54000+.