# Finance Act 2025, Paragraph 23: The accrued income scheme

Extent: E+W+S+N.I.

(1) ITA 2007 is amended as follows.
(2) In section 667 (trustees’ accrued income profits treated as settlement income), in subsection (2)—
(a) in paragraph (a) omit “or domiciled outside the United Kingdom”;
(b) in paragraph (b) omit “or domiciled in the United Kingdom”.
(3) In section 680 (interest on securities involving accrued income losses: foreign trustees), in subsection (1)—
(a) in paragraph (a) omit “or domiciled outside the United Kingdom”;
(b) in paragraph (d) omit “, or domiciled in the United Kingdom,”.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/9/paragraph/23 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-9/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.