(1) In this Chapter and in Schedule 21 -
"distribution" has the same meaning as in the Corporation Tax Acts;
"interest" includes a distribution and any dividend which is not such a distribution and, in applying references to interest in relation to such a distribution, "gross interest" or "gross amount" means the distribution together with the tax credit to which the recipient of the distribution is entitled in respect of it and "net interest" means the distribution exclusive of any such tax credit;
"person" includes any body of persons, and references to a person entitled to any exemption from income tax include, in a case of an exemption expressed to apply to income of a trust or fund, references to the persons entitled to make claims for the granting of that exemption;
"securities" includes stocks and shares;
securities shall be deemed to be similar if they entitle their holders to the same rights against the same persons as to capital and interest and the same remedies for the enfo
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