11 May 2006
Following on from the lengthy debate on UITF 40, I have quite a few professional clients who I believe will be affected by its provisions and it will be in their benefit to claim relief under the spreading provisions. My basic question is under what heading (Schedule D,
Case I or Schedule D, Case VI) is the 'spread' income to be assessed to tax?
Readers' advice on this matter and any other related factors or planning points that I should take into account would be gratefully received.
Query T16,806 — Thinly Spread.
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