112 Index-linked gilt-edged securities
Finance Act 2012 (2012 c 14) | Legislation

112  Index-linked gilt-edged securities

(1)     If, for an accounting period, a company has a loan relationship which is represented by an index-linked gilt-edged security, sections 400 to 400C of CTA 2009 (adjustments for changes in index) are not to apply in calculating the profits for the accounting period.

(2)     But subsection (1) does not apply to loan relationships of the company that are qualifying PHI loan relationships.

(3)     A loan relationship is a “qualifying PHI loan relationship” if

(a)     the loan relationship is identified in the records of the company as an asset held for the purposes of

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