Related Commentary  Related HMRC Manuals

863(1)  An investment is not a relevant investment if it is a general client account deposit.

863(2)  An investment is a general client account deposit for the purposes of this section if–

(a)it is a deposit held by a deposit-taker in a client account, and

(b)provision made under any enactment requires the person whose account it is to make payments representing interest to some or all of the clients for whom, or on whose account, that person received the sums deposited in the account.

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