Commentary

D1.367 Income from Ulster Savings certificates

Corporate tax
Corporate tax | Commentary

D1.367 Income from Ulster Savings certificates

Corporate tax | Commentary

D1.367 Income from Ulster Savings certificates

Ulster Savings Certificates are outside the exemption for savings certificates detailed at D1.366. Instead they are subject to a separate exemption from corporation tax1 (which must be specifically claimed2) if the following conditions are met3:

  1.  

    •     the holder purchased them and at the time of the purchase, the holder was resident in Northern Ireland

  2.  

    •     the holder is resident in Northern Ireland when they are repaid

Ulster Savings Certificates are savings certificates issued or treated as issued under the Exchequer and Financial Provision Act (Northern Ireland) 1950, s 154. An Ulster Savings Certificate is authorised

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial