»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp exclusion for exempt securities can also apply to certain payments of interest on the securities. Payments that qualify for the exclusion are:

• warrants or coupons for interest already received but not encashed at the date of the relevant chargeable event
• apportionment of interest due up to, but receivable after, the date of the chargeable event
• in the case of a trust, any interest payments already encashed but held, at the date of the chargeable event, by the trustees, before distribution in the administration of the trust. »Ê¹ÚÌåÓýappse payments will be excluded even if no separate money can be identified as relating directly to interest on exempt securities.

»Ê¹ÚÌåÓýapp exclusion for interest does not apply to any warrants or coupons already encashed, or payments of interest already received by the beneficiary in their lifetime, in connection with a chargeable event that happened after they were encashed or received. This is the case whether the beneficiary is the absolute owner of the exempt securities or a beneficiary under a trust.