Reform of the Accrued Income Scheme

The UK's Accrued Income Scheme (AIS) is an anti-avoidance provision intended to stop individuals and trustees from turning interest, taxable as income, into a capital gain and hence having to pay less....

Click to view the full article


By: John Challoner and Louise Higginbottom
July 22, 2005
The UK's Accrued Income Scheme (AIS) is an anti-avoidance provision intended to stop individuals and trustees from turning interest, taxable as income, into a capital gain and hence having to pay less....