CTA10/S1000 (1) E and F – ‘non-commercial’ and ‘special’ securities There is a legal regulation that recharacterizes as the distribution of certain interest or other… Read More »CTM15500 – Distributions: general: interest or other value in respect of securities – introduction – HMRC internal manual
CTA10/S1000 (1) E, CTA10/S1005, CTA10/S1006, CTA10/S1007, CTA10/S1008 CTA10/S1005 imposes a once-and-for-all test at the time the security is issued to determine whether the return to… Read More »CTM15502 – Distributions: general: interest or other value in respect of securities – reasonable commercial return – HMRC internal manual
CTA10/S1000 (1) E A loan with a fixed interest rate issued per pair The guarantee is issued for a period of 1 year on £100… Read More »CTM15505 – Distributions: general: interest or other value in respect of securities – reasonable commercial return – examples – HMRC internal manual
CTA10/S1000 (1) E Fixed interest rate loan issued at par A security is issued for a term of 1 year at £100 with a coupon… Read More »CTM15505 – Distributions: general: interest or other value in respect of securities – reasonable commercial return – examples – HMRC internal manual
CTA10/S1000 (1) E, CTA10/S1005, CTA10/S1006, CTA10/S1007, CTA10/S1008 CTA10/S1005 imposes a once and for all test at the time of the issue of the security to… Read More »CTM15502 – Distributions: general: interest or other value in respect of securities – reasonable commercial return – HMRC internal manual
CTA10/S1006, CTA10/S1007, CTA10/S1008, CTA10/S1018, CTA10/S1117(6) When considering whether CTA10/S1000 (1) E or F applies, the amount of the principal secured must first be determined. The… Read More »CTM15501 – Distributions: general: interest or other value in respect of securities – principal secured – HMRC internal manual