Part 11Manufactured payments and repos

Chapter 2Manufactured payments

Introduction

572Overview of Chapter

This Chapter is about the situation where a person—

a

pays another person an amount which is representative of—

i

dividends on UK shares,

ii

periodical payments of interest on UK securities, or

iii

overseas dividends on overseas securities, and

b

does so under a requirement of an arrangement between them for the transfer of the UK shares, UK securities or overseas securities concerned.