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HMRC internal manual

Tax Credits Technical Manual

Further disregards in the calculation of investment income: Interest payments - compensation to a person who is under 18, for the death of one or more parent

The Tax Credits (Definition and Calculation of Income) Regulations 2002, Reg. 10(2), Table 4, Item11.

When calculating investment income, disregard the following:

  • Any interest, or payment in respect of interest, which is compensation to a person aged under 18, for the death of one or both of his parents.