»Ê¹ÚÌåÓýapp

Accrued Income Scheme charge

If trustees (other than bare trustee - TSEM3320) transfer securities, any Accrued Income Scheme profit is that of the trustees. »Ê¹ÚÌåÓýapp trustees are chargeable at the trust rate, under ITA/Sections 481 and 482.

»Ê¹ÚÌåÓýapp Accrued Income Scheme profit on a transfer of securities does not form the income of any beneficiary.

Accrued Income Scheme losses

»Ê¹ÚÌåÓýapp treatment of the loss depends on who received the income interest against which relief is due. If the trustees received the interest, they are entitled to the relief. »Ê¹ÚÌåÓýapp trustees may have mandated the interest to a beneficiary. »Ê¹ÚÌåÓýapp beneficiary should claim the loss against the interest.