Finance Act, 1997
|
Amendment of section 138 (tax treatment of securities issued at a discount) of Finance Act, 1990 . |
34.— Section 138 of the Finance Act, 1990 , is hereby amended in the definition of “securities” in subsection (1) by the deletion of “and” at the end of paragraph (a), the substitution of “Agriculture, and” for “Agriculture;” in paragraph (b) and the insertion of the following paragraph after paragraph (b): | |
“(c)strips within the meaning of section 54 (10) of the Finance Act, 1970 (inserted by section 161 of the Finance Act, 1997);”. |