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As long as the relevant regulations¹ are complied with, in particular that relating to the annual subscription limit (see E3.501), no tax is chargeable² on:

1. Ìý

   •ÌýÌýÌýÌý interest, dividends, distributions or gains in respect of investments in the child trust fund account (excluding building society bonuses)

2. Ìý

   •ÌýÌýÌýÌý any alternative finance return or profit share return³ (see Division A1.3) paid by a financial institution in respect of investments held in the child trust fund account

3. Ìý

   •ÌýÌýÌýÌý any accrued income scheme profits or gains deemed to have been received in respect of investments held in the account

4. Ìý

   •ÌýÌýÌýÌý any offshore income gains in respect of account investments

5. Ìý

   •ÌýÌýÌýÌý any discount on a relevant discounted security held as an account investment

6. Ìý

   •ÌýÌýÌýÌý any gain on a life policy held as an account investment