Income Tax (Trading and Other Income) Act 2005 section 773

Income from Inter-American Development Bank securities

Section 773 provides an exemption from income tax for non-UK residents on income from securities issued by the Inter-American Development Bank, where the only reason a tax liability would arise is because of the security's connection to the UK or sterling.

• The exemption applies to non-UK residents receiving income (including dividends or interest) from securities issued by the Inter-American Development Bank
• No income tax liability arises merely because the security was issued in the UK or in sterling
• No income tax liability arises merely because the income is paid or made payable in the UK or in sterling
• No income tax liability arises merely because the Bank maintains an office or other place of business in the UK