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HMRC internal manual

International Exchange of Information Manual

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HM Revenue & Customs
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Reportable Information: Custodial Account

Reportable Information: Custodial Account

In addition to the general reporting requirements [see IEIM402000], where the Reportable Account is a Custodial Account the information to be reported for each Reporting Period [see IEIM400520 for FATCA, IEIM400540 for CDOT, IEIM400580 for DAC/CRS] is:

  • The total gross amount of interest paid or credited to the account

 

  • The total gross amount of dividends paid or credited to the account

 

  • The total gross amount of other income generated with respect to the assets held in the account paid or credited to the account. Other income for this purpose means any amount that would be considered income for the purposes of the Income Tax Acts 2007 other than interest or dividends.

 

  • The total gross proceeds [see IEIM402220] from the sale or redemption of financial assets paid or credited to the account.