Taxes Consolidation Act 1997 Schedule 21 paragraph 1

Restricting artificial losses on cum-dividend purchases

Paragraph 1 of Schedule 21 defines the "appropriate amount" of interest used to restrict artificial losses arising when a dealer in securities buys a security cum dividend and sells it ex dividend.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.