DT Agreements: Jamaica - Income from a UK source paid to a resident of Jamaica
UK interest paid to a resident of Jamaica (Article 9)
UK interest paid to its beneficial owner who is a resident of Jamaica may be taxed inthe UK at 12½%.
But no relief is due where the beneficial owner of the interest:
- is not subject to tax on the interest in Jamaica, and
- sells (or makes a contract to sell) the debt from which the interest arose within three months of the date when they acquired it