Finance Act, 1984

Chapter IV

Anti-avoidance and Anti-evasion

Tax treatment of certain non-interest-bearing securities.

28.— (1) The provisions of section 465 of the Income Tax Act, 1967 , and section 63 of the Finance Act, 1969 , shall not apply to issues of securities to which this section applies which are made after the 25th day of January, 1984, unless a tender for any such securities was submitted on or before that date.

(2) This section applies to—

(a) Exchequer Bills issued by the Minister for Finance, and

(b) Agricultural Commodities Intervention Bills issued by the Minister for Agriculture.