E1.1510 Accrued income scheme—conversion of securities
A conversion of securities means a conversion within TCGA 1992, s 132 (see D6.211). Under the accrued income scheme, it is a transfer of securities taking place on the day of conversion1. An interest period is treated as ending on the day on which it would have ended but for the conversion2.
If the holder (deemed to be a transferor)
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:59