# The Taxation of Regulatory Capital Securities Regulations 2013, Regulation 5: Treatment of payments


(1) A payment in respect of a regulatory capital security is—
(a) not a distribution for the purposes of the Tax Acts, but
(b) is income chargeable under Chapter 2 of Part 4 of ITTOIA 2005 (interest) for the purposes of income tax.
(2) In paragraph (1), “payment” does not include a repayment of the principal amount of the security.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111106273/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-taxation-of-regulatory-capital-securities-regulations-2013/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.