½Û×ÓÊÓƵ

Home / Simons-Taxes /Personal and employment tax /Part E1 Income tax /Division E1.15 Accrued income scheme /Accrued income scheme—transactions treated as transfers / E1.1517 Accrued income scheme—payments of manufactured interest
Commentary

E1.1517 Accrued income scheme—payments of manufactured interest


Personal and employment tax

There may be circumstances other than stock-lending arrangements and repos where it is necessary for a manufactured-interest payment to be made.

For the purpose of this provision a manufactured-payments contract means one where a seller (A) is required to pay to another person (B), an amount which is representative of1:

  1. Ìý

    •ÌýÌýÌýÌý a periodical payment of interest on UK securities (ie securities of the UK government, a UK local authority/other

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
TAKE A FREE TRIAL TAKE A FREE TRIAL

Web page updated on 17 Mar 2025 16:57