Savva and Others v Revenue and Customs: UTTC 25 Mar 2015

INCOME TAX – fixed rate notes stripped of interest coupons – whether difference between purchase price of stripped note and redemption value a ‘discount’ within Schedule D Case III or ITTOIA s 369 – yes – whether notes ‘deeply discounted securities’ – no – appeal dismissed

[2015] UKUT 141 (TCC)
Bailii
England and Wales

Income Tax

Updated: 01 January 2022; Ref: scu.549083