Income Tax Act 2007 (c. 3)

Part 12 U.K. Accrued income profits

Chapter 2 U.K. Accrued income profits and losses

Transfers to which Chapter applies U.K.

626 Transfers of variable rate securities U.K.

(1) Sections 623 and 624 do not apply to transfers of variable rate securities.

(2) Such transfers are not treated as transfers with accrued interest or transfers without accrued interest.