INTM342170 - DT applications and claims - Types of income: Interest

Loose or Back coupons

You should submit to Technical Advice Group any interest claim you receive which is foreither of the following

  • 鈥榣oose鈥� coupons of a bearer security that is the coupons are bought without the security
  • a bearer security bought with 鈥榖ack鈥� (that is earlier) coupons attached

The purchaser is not entitled to relief on the proceeds of either the 鈥榣oose鈥� or 鈥榖ack鈥檆oupons which were due and payable before the date of purchase of the security.