Bank interest received and retainable by a solicitor on the
investment of clients' or his own business moneys should normally
be assessed under Case III of Schedule D.
Interest on money subject to a trust of which the solicitor
is a trustee is separately chargeable under Case III of Schedule D
(see TSEM3035).
As regards assessment procedure, see CD1100.
See
BIM65820 as regards temporary loans made
by solicitors.
