Related Commentary  Related HMRC Manuals

56A(1)  This section applies where there is an arrangement under which–

(a)there is a right to receive an amount (with or without interest) in pursuance of a deposit of money,

(b)when the right comes into existence there is no certificate of deposit in respect of the right, and

(c)the person for the time being entitled to the right is entitled to call for the issue of a certificate of deposit in respect of the right.

56A(2)  In such a case–

(a)the right shall be treated as not falling within section 56(1)(b), and

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