Government securities in foreign ownership: type of security and ownership
If a worthwhile amount of tax is at stake you should investigate the possibility of a last-minute purchase. Except where the available information (e.g. inclusion of sufficient income/interest) reasonably rules out that possibility, you should seek specific confirmation that the gilts concerned were in fact registered in the transferor’s, or the trustee’s, name(s) at the date of the relevant transfer.
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