Related Commentary  Related HMRC Manuals

665(1)  This section applies if unrealised interest is payable in a currency other than sterling (“a foreign currency”).

665(2)  For the purposes of section 631(1) (amount of accrued income profits where settlement day outside interest period) the amount of the unrealised interest is taken to be its sterling equivalent on the settlement day.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.