TSEM10225 - Non-resident trusts: trustees鈥� chargeability: Income Tax - FOTRA securities
FOTRA stands for 鈥楩ree of Tax to Residents Abroad鈥�. The securities involved are British Government gilts.
If HMRC has confirmed that interest paid to the trustees of a non-resident trust on FOTRA securities is exempt from charge, then no tax is due.
Otherwise the effect of ITA07/S811 (TSEM10215) is considered in respect of a charge to tax on such interest.