SCHEDULES
SCHEDULE 20Taxation of hybrid capital instruments
PART 2Corporation tax, income tax and capital gains tax
4Distributions in respect of hybrid capital instruments
In section 1015 of CTA 2010 (meaning of “special securities”) after subsection (1) insert—
1A
But hybrid capital instruments (within the meaning of section 475C of CTA 2009) are not special securities by reason of meeting condition E.