SAIM3000 - Deeply discounted securities: overview and contents

Overview

This section of the Savings and Investment Manual explains the tax treatment of ‘deeply discounted securities’ – these are securities on which the difference between the issue price and the redemption price provides an interest-like return.

Contents

SAIM3010Introduction
SAIM3020Meaning of deeply discounted security
SAIM3030Occasions when redemption is ignored
SAIM3040Securities which are not deeply discounted securities
SAIM3050Excluded indexed securities
SAIM3060Securities issued in separate tranches
SAIM3070Taxation: profit on disposal
SAIM3080Taxation: losses
SAIM3090Taxation: market value rules
SAIM3100Taxation: ‘earn-out’ rights
SAIM3110Taxation: death
SAIM3120Taxation: trustees
SAIM3130Strips of government securities
SAIM3140Strips of government securities: losses
SAIM3150Corporate strips
SAIM3160Corporate strips: taxation