By Statutory Instrument the Treasury can designate securities
issued by certain international organisations as situated outside
the UK for the purposes of FA84/S126 extended by FA85/S96 (now
TA88/S324).
The following organisations have been so designated.
1. The Asian Development Bank: The International
Organisations (Tax Exempt Securities) Order 1984 (SI1984/1215) made
on 2 August 1984
2. The African Development Bank: The International
Organisations (Tax Exempt Securities) (No 2) Order 1984
(SI1984/1634) made on 22 October 1984
3. The European Community; The European Coal and Steel
Community;The European Atomic Energy Community;The European
Investment Bank: The European Communities (Tax Exempt Securities)
Order 1985 (SI 1985 No 1172) made on 25 July 1985 in respect of a.
and d.
4. The European Bank for Reconstruction and Development: The
International Organisations (Tax Exempt Securities) Order 1991
(SI1991/1202) made on 16 May 1991.
Accordingly any security issued by the above mentioned
organisations automatically has a foreign situs for IHT where the
event occurred on or after the date of the order.
