507 Investment bond arrangements
Corporation Tax Act 2009 (2009 c 4) | Legislation

507  Investment bond arrangements

(1)     This section applies to arrangements if—

(a)     they provide for one person (“the bond-holder”) to pay a sum of money (“the capital”) to another (“the bond-issuer”),

(b)     they identify assets, or a class of assets, which the bond-issuer will acquire for the purpose of generating income or gains directly or indirectly (“the bond assets”),

(c)     they specify a period at the end of which they cease to have effect (“the bond term”),

(d)     the bond-issuer undertakes under the arrangements—

(i)     to dispose at the end of the bond term of any bond assets which are still in the bond-issuer's possession,

(ii)     to make a repayment of the capital (“the redemption payment”) to the bond-holder during or at the end of the bond-term (whether or not in instalments), and

(iii)     to pay to the bond-holder other payments on one or more occasions during or at the end of the bond term (“additional payments”),

(e)

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