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....

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By: John Challoner and Louise Higginbottom
April 4, 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....