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Legislation
Income Tax Act 2007

Crossheading Transfers to which Chapter applies

  • Section 620 Transactions which are transfers: general
  • Section 621 Transferors and transferees
  • Section 622 Application of Chapter to different kinds of transfer
  • Section 623 Transfers with accrued interest
  • Section 624 Transfers without accrued interest
  • Section 625 Transfers with unrealised interest
  • Section 626 Transfers of variable rate securities
  • Section 627 Meaning of “variable rate securities”
  1. Transfers to which Chapter applies
  2. Transfers with unrealised interest

Section 625 | Transfers with unrealised interest

From legislation.gov.uk

(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”.

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