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Secondhand Bonds

Volume 33: debated on Wednesday 1 December 1982

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asked the Chancellor of the Exchequer, further to his reply of 17 November, OfficialReport, c. 162, what are the different considerations which apply to deep discounted and indexed stock and secondhand bonds.

[pursuant to his reply, 30 November 1982, c. 158]: The legislation to be introduced in next year's Finance Bill on secondhand bonds will have effect from 26 June 1982; and in cases of this kind there is a good reason for publishing details of the legislation in advance of the Finance Bill. Any liberalisation of the tax treatment of deep discounted and indexed stock, however, would have effect from a future date.