DT applications and claims - Types of income: Interest
Loose or Back coupons
You should submit to Technical Advice Group any interest claim you receive which is foreither of the following
- ‘loose’ coupons of a bearer security that is the coupons are bought without the security
- a bearer security bought with ‘back’ (that is earlier) coupons attached
The purchaser is not entitled to relief on the proceeds of either the ‘loose’ or ‘back’coupons which were due and payable before the date of purchase of the security.