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The same screen is also used for Lloyd's underwriters.
A claim may be made for any loss incurred during the fiscal year on the disposal of any relevant discounted security.
SECURITY - enter details of the company.
Date loss arose - this is for information purposes and may be left blank.
Amount - enter the loss incurred in the tax year. The loss cannot be claimed against an earlier or later tax year.
A relevant discounted security is, broadly, a security where the investor's return is made up mainly of a discount or premium payable on redemption of the bond rather than by interest payable over the life of the bond. The discount or premium must be capable of being more than 15% of the issue price or, if smaller, 0.5% of the issue price for each year of the bond's life (for example, for a 10 year bond any discount of 5% or more makes it a discounted bond). Relevant discounted securities replaced the types of securities called "deep discount bonds and deep gain securities.
