SAIM2000 - Interest: overview and contents

Overview

This section of the Savings and Investment Manual explains the taxation of interest received by individuals and trustees.

Contents

Introduction
What is interest?
Specific inclusions
Exemptions
Taxation of interest
Sale of interest rights

Introduction

SAIM2010Introduction
SAIM2020The layout of the guidance

What is interest?

SAIM2030Meaning of interest
SAIM2040When does interest run?
SAIM2050Voluntary payments
SAIM2060Case law
SAIM2070Lump sum receipts
SAIM2080Financial mis-selling
SAIM2090Financial mis-selling: practical considerations:
SAIM2100Solicitors’ client accounts

Specific inclusions

SAIM2200Specific inclusions: introduction
SAIM2210Funding bonds
SAIM2220Discounts
SAIM2230Discounts: taxation:
SAIM2240Discounts: case law
SAIM2250Alternative finance return

Exemptions

SAIM2300Tax-free savings income
SAIM2310Tax-free savings income: ISAs, PEPs and CTFs
SAIM2320Other statutory exemptions
SAIM2330Personal injury damages
SAIM2340Compensation for mis-sold pensions

Taxation of interest

SAIM2400The charge to tax
SAIM2410Person chargeable: examples
SAIM2420Joint accounts
SAIM2430Children’s accounts
SAIM2440When interest arises
SAIM2450Accrued interest

Sale of interest rights

SAIM2500Introduction
SAIM2510Disposal of deposit rights
SAIM2520Disposal of deposit rights: the legislation: