619 Meaning of “securities” and when securities are of the same kind
Income Tax Act 2007 (2007 c 3) | Legislation

Securities to which Chapter applies

619  Meaning of “securities” and when securities are of the same kind

(1)     In this Chapter “securities” includes—

(a)     any loan stock or similar security other than an excluded security, and

(b)     shares in a building society which are qualifying shares for the purposes of section 117(4) of TCGA 1992 (qualifying corporate bonds),

but (subject to paragraph (b)) it does not include any shares in a company.

(2)     For the purposes of subsection (1)(a), it does not matter—

(a)     whether the security

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