Excluded indexed securities

Securities which would have been deeply discounted securities (www.practicallaw.com/A36794) (because the redemption amount could exceed the subscription amount by the required amount) but which are generally taken out of the deeply discounted security regime because the amount payable on redemption is linked to the value of a chargeable asset or to an index of the value of chargeable assets (sections 432 and 433 Income Tax (Trading and Other Income) Act 2005).

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