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HMRC internal manual

International Manual

From
HM Revenue & Customs
Updated
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Double Taxation applications and claims: Vouchers: What a block holding is

A UK or overseas bank or finance house may hold a particular security on behalf of a number of their customers. All the individual holdings are amalgamated and registered as a single holding in a nominee name. This is a block holding. Each participating customer is entitled to his/her share of income arising from that block holding.