1968.This section provides for the application of the accrued income scheme if unrealised 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.
1969.This section sets out the rules for converting amounts or values into sterling.
Commentary on Sections Overview Chapter 2: Accrued income profits and losses Section 665: Foreign currency securities: unrealised interest payable in foreign currency