(1) accrued income profits1 are made by an individual as a result of a transfer of foreign securities2; and
(2) the remittance basis3 applies to the individual for the tax year4 in which the profits are made,
the accrued income profits are to be treated as relevant foreign income of the individual5.
For the purposes of the remittance basis6:
(a) if the individual is the transferor:
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