Commentary

D1.366 Income from savings certificates

Corporate tax
Corporate tax | Commentary

D1.366 Income from savings certificates

Corporate tax | Commentary

D1.366 Income from savings certificates

No liability to corporation tax arises in respect of income from authorised savings certificates1. For these purposes, a savings certificate is 'authorised' if its acquisition was not prohibited by Treasury regulations limiting a person's holding2.

Savings certificates are3:

  1.  

    •     savings certificates issued under the National Loans Act 1968, s 12, the National Debt Act 1958, s 7 or FA 1920, s 59

  2.  

    •     war savings certificates, as defined in the National Debt Act 1972, s 9(3), or

  3.  

    •     savings certificates issued under any enactment forming part of the law of Northern Ireland and corresponding to

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