Related Commentary  Related CasesRelated HMRC Manuals

369(1)  Income tax is charged on interest.

369(2)  The following sections extend what is treated as interest for certain purposes–

section 372 (building society dividends),

section 373 (open-ended investment company interest distributions),

section 376 (authorised unit trust interest distributions),

section 378A (offshore fund distributions),

section 379 (payments by registered societies or certain co-operatives),

section 380 (funding bonds), and

section 380A (FSCS payments representing interest),

section 381 (discounts).

369(3)  For exemptions, see in particular–

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