​Abiblo Finance - Accrued Income Scheme

​Accrued Income Scheme 
Accrued Income Scheme is an arrangement which is applies in the UK to dispose of interest bearing securities. 
 
The purpose is to prevent the avoidance of an income tax liability on accrued interest. 
The interest accrued between the date of the last interest payment and the date of disposal is noticed for tax purposes as income of the transferor. 
 
The transferee can deduct this sum from taxable income. 
 
The accrued income scheme is not applicable if the transfer is part of the trade or non-residents. Or spouse or civil partners when the total nominal value of the securities does not exceed specific amount.