INCOME TAX – floating rate notes stripped of intermediate interest coupons – whether difference between purchase price when coupons stripped and sale price when remaining coupons to redemption re-attached a capital or income gain – income – whether a ‘discount’ within Schedule D Case III – yes – appeal dismissed
[2015] UKUT 140 (TCC)
Bailii
England and Wales
Income Tax
Updated: 01 January 2022; Ref: scu.549074