Statute
Section 625 — Income Tax Act 2007: Transfers with unrealised interest
Text of the provision Official document
Transfers with unrealised interest 625 1 For the purposes of this Chapter securities are transferred with unrealised interest if they are transferred with the right to receive interest payable on an interest payment day falling before the settlement day.
2 Such interest is referred to in this Chapter as “ unrealised interest ”.
Official source: legislation.gov.uk
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