SAIM4040 - Accrued Income Scheme: what are 바카라 사이트˜securities바카라 사이트™?

Definition of 바카라 사이트˜securities바카라 사이트™

The AIS applies where 바카라 사이트˜securities바카라 사이트™ are 바카라 사이트˜transferred바카라 사이트™. SAIM4050 explains the meaning of 바카라 사이트˜transfer바카라 사이트™.

The AIS applies to all kinds of negotiable interest bearing stocks and bonds. ITA07/S619 defines 바카라 사이트˜securities바카라 사이트™ as any loan stock or similar security, other than an 바카라 사이트˜excluded security바카라 사이트™, of the UK government, of any other government, of any public or local authority in the United Kingdom or elsewhere, or of any company or other body. It does not matter whether or not the securities are secured, carry a right to interest of a fixed amount or at a fixed rate per cent of the nominal value of the security, or are in bearer form. 바카라 사이트˜Securities바카라 사이트™ includes building society shares that are qualifying corporate bonds (see CG53700 onwards), but does not include any other shares in a company.

Thus virtually all forms of negotiable interest bearing financial instruments (including gilts) are brought within the AIS, unless specifically excluded. 바카라 사이트˜Excluded securities바카라 사이트™ are

  • national or war savings certificates,
  • certificates of deposit and other 바카라 사이트˜deposit rights바카라 사이트™ within ITTOIA05/S552 (SAIM2500),
  • securities that meet the 바카라 사이트˜redemption conditions바카라 사이트™ 바카라 사이트“ in effect securities issued at a discount and paying no interest,
  • most deeply discounted securities (SAIM3000).

ITA07/S619 (6) defines 바카라 사이트˜securities of the same kind바카라 사이트™. This is important for the calculation of accrued income profits and losses. Securities are of the same kind if they are so treated by the practice of a recognised stock exchange, or would be so treated if dealt with on such a stock exchange. For example, Treasury 5% 2004 is not the same kind as Treasury 5% 2012. This is similar to the capital gains tax concept of securities of a particular class (see CG50203).