Commentary

D9.1104 Disposal of a certificate of deposit etc

Corporate tax
Corporate tax | Commentary

D9.1104 Disposal of a certificate of deposit etc

Corporate tax | Commentary

Division D9.11     Certificate of deposit

For updates affecting this Division please see Part D0 Updates

Transactions in certificates of deposit

D9.1104 Disposal of a certificate of deposit etc

Specific rules apply to tax profits or gains on the disposal of a certificate of deposit or the right to receive interest from a deposit with a bank or similar institution where the right to the income/interest was acquired after 6 March 1973 and still held on or after 1 April 19961. In such situations, the income (ie the profits or gains) on the disposal of a 'pre 1996' right is chargeable to corporation tax2.

This treatment is extended to dematerialised

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