The following sources of income and gains are exempt from tax in the hands of the ISA manager, his nominee, the account investor (see ¶315-200) or the named child (see ¶315-300):

interest, dividends and other distributions in respect of investments held within the ISA;

alternative financial return paid by a financial institution (see ¶111-000);

payments received under a building society bonus scheme to the extent that they are calculated by reference to investments held within the ISA;

profits taxable under the accrued income scheme (see ¶331-500) in respect of account investments;

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