CG50227 - Definitions: security: contrast with shares

First to identify whether a loan, which is another word for a debt, will be a chargeable asset. A simple debt is not a chargeable asset in the hands of the original creditor. A debt in the hands of the original creditor will only be a chargeable asset if it is the debt on a security as defined in TCGA92/S132 (3)(b), see CG53420+.