1966.This section provides for the application of the accrued income scheme if the interest on the securities is payable in a currency other than sterling. It is based on sections 713(7), (8), 716(6) and 726A(5) of ICTA.
1967.This section sets out the rules for converting amounts into sterling.
Commentary on Sections Overview Chapter 2: Accrued income profits and losses Section 664: Foreign currency securities: sterling equivalent of payments on transfers