Part 4Savings and investment income
Chapter 2Interest
Other income taxed as interest
374Date when interest payments under section 373 made
1
This section applies for determining the date on which payments of interest under section 373 are treated as made.
2
The date on which the payments are treated as made depends on whether a date is specified for any distribution for the distribution period in question by or in accordance with—
a
the company's instrument of incorporation and its prospectus in issue for the time being (including any supplements), or
b
in the case of an open-ended investment company which is part of an umbrella company, such parts of those documents of the umbrella company as apply to the open-ended investment company.
3
If such a date is so specified, the payments are treated as made on that date.
4
If no such date is so specified, the payments are treated as made on the last day of that period.