Commentary on Sections Overview Chapter 2: Accrued income profits and losses Section 665: Foreign currency securities: unrealised interest payable in foreign currency
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.