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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2024 - onwards
  Version 22 of 22    

246. Interest payments by companies and to non-residents.

(1) In this section -

"bank" includes building society within the meaning of section 256(1);

"company" means any body corporate;

"investment undertaking" means -

(a) a unit trust mentioned in section 731(5)(a),

(b) a special investment scheme within the meaning given to it in section 737,

(c) an investment undertaking within the meaning given to it in section 739B;

(d) a common contractual fund within the meaning given to it in section 739I (inserted by the Finance Act 2005); or

(e) an investment limited partnership within the meaning of section 739J;

"relevant person" means -

(a) a company, or

(b) an investment undertaking;

"relevant security" means a security issued by a company in the course of carrying on relevant trading operations within the meaning of section 445 or 446, on terms which oblige the company to redeem the security within a period of 15 years after the date on which the security was issued;

 "relevant territory" means -

(a) a Member State of the European Communities

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