RE1630 - Registered securities: general

The special arrangements are applied to income from certain registered securities which is received under deduction of tax by

• a society or fund of the kind mentioned in RE1632, or
• an individual who is likely to have no liability to tax in the future. The guidance at RE1622 and the examples RE1623 will help you decide whether the annuitant is likely to have to pay income tax. That guidance is specifically about the form R89 but the same principles apply here when looking at the claimant's income and allowances. If necessary get confirmation that the claimant is unlikely to have to pay income tax from their GCD.
• The securities to which the arrangements apply are British Government and local authority stocks registered at the Bank of England or the Bank of Ireland in Belfast.