Commentary

D9.401 Background

Corporate tax
Corporate tax | Commentary

D9.401 Background

Corporate tax | Commentary

Division D9.4     Accrued income scheme

Revised by
ZIGURDS G KRONBERGS, BSc ARCS MA ACA FCCA,

European Tax Coordinator, Moore Stephens Europe

For updates affecting this Division please see Part D0 Updates

Accrued income scheme: Overview

D9.401 Background

Without special legislation, a person who sells a security immediately before it is due to go ex-div will avoid paying tax on the interest that has accrued up to the date of sale, although the amount of that interest is included in the sale price. The purchaser of the security, on the other hand, will pay tax on the whole of the interest although

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