The remittance regime in ITEPA 2003, s. 41A applies to that part of the securities income that is ‘foreign’. The extent to which securities income is to be treated as ‘foreign’ is determined in accordance with rules laid down in ITEPA 2003, s. 41C.

The starting point is to treat the securities income as accruing equally on each day of the relevant period (for the latter, see ¶480-720)

(ITEPA 2003, s. 41C(2))

There are then three circumstances to consider.

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