Section 773 | Income from Inter-American Development Bank securities

(1)No liability to income tax arises for a non-UK resident in respect of income from a security issued by the Inter-American Development Bank if the liability only arises because one or more of circumstances A to C apply.

(2)Circumstance A is that the security is issued in the United Kingdom or in sterling.

(3)Circumstance B is that the income is made payable or paid in the United Kingdom or in sterling.

(4)Circumstance C is that the Bank maintains an office or other place of business in the United Kingdom.