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Gilts and DDS

hans baldab
Posted Thu, 12 Jan 2023 17:38:14 GMT by hans baldab
Can a Gilt be a deep discounted security if it hasn't been stripped?
al1918 YU
Posted Sat, 14 Jan 2023 18:07:15 GMT by al1918 YU
Hi, For offshore UK reporting fund which investing in Gilt, is the distribution generating from this fund considered as UK source income or foreign income?
HMRC Admin 32
Posted Tue, 17 Jan 2023 10:59:07 GMT by HMRC Admin 32
Hi,

Gilt-edged securities which have not been stripped are excluded from being deeply discounted securities, SAIM3040. The legislation is at S432 ITTOIA05.

Thank you.
HMRC Admin 25
Posted Wed, 18 Jan 2023 11:47:53 GMT by HMRC Admin 25
Hi al1918 YU,

Please refer to guidnace at:

Offshore funds: distributing and reporting funds

Thank you. 
 

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