The following provisions apply if:
(1) a person is liable for income tax on accrued income profits1;
(2) the profits are calculated by reference to payments treated as made to the person in an interest period2;
(3) the payments are so treated as a result of the person making transfers of foreign securities3 of a particular kind; and
(4) the proceeds of the transfers are unremittable4 in the tax year5.
If the person makes a claim for relief:
(a) the profits are reduced by the amount of the payments treated as made to the person; or
(b) if that amount
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