HC Deb 24 January 1977 vol 924 c409W
Mrs. Millie Miller

asked the Chancellor of the Exchequer what is the rôle of the capital note in company transactions with the Inland Revenue and the effect of their existence on receipts to the national Exchequer.

Mr. Robert Sheldon

The expression "capital notes" has been used to describe loan stock units, and the same tax rules and effects exist for them as for loan stock and other such securities by reference to their terms.