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    Income tax - Miscellaneous income and anti-avoidance provisions - Transactions in securities - Accrued income scheme - 32445

    This scheme applies when a security is transferred from person to person. The accrued income scheme applies to both domiciled and non-domiciled individuals. Interest on most securities accrues...

    Trusts, settlements and estates - Income tax and trusts - Income tax liability of trustees - General principles - Accrued income scheme - 67110

    The accrued income scheme (¶32445+) applies when the trust purchases or sells securities. The rules are the same as for individuals, except that the £5,000 de minimis limit is only available...