919 Manufactured interest on UK securities: payments by UK residents etc
Income Tax Act 2007 (2007 c 3) | Legislation

Manufactured interest

919  Manufactured interest on UK securities: payments by UK residents etc

[(1)     This section applies if—

(a)     a person pays a manufactured payment as mentioned in section 614ZC(1),

(b)     the amount payable is representative of interest on UK securities (“manufactured interest”), and

(c)     the person—

(i)     is UK resident, or

(ii)     pays the manufactured interest in the course of a trade carried on in the United Kingdom through a branch or agency.]

[(1A)

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