Commentary

E1.576 Income from Inter-American Development Bank securities

Personal and employment tax

E1.576 Income from Inter-American Development Bank securities

Income of non-UK residents from certain securities

E1.576 Income from Inter-American Development Bank securities

A non-UK resident is exempt from income tax in respect of income from a security issued by the Inter-American Development Bank if the liability only arises because of one or more of the circumstances A to C below apply1.

Circumstance A is that the security is issued in the UK or in sterling2.

Circumstance B is that the income is payable or paid in the UK or in sterling3.

Circumstance C is that the Bank maintains an office or other place of business in the UK4.

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