IEIM402200 - Reportable Information: Custodial Account
Reportable Information: Custodial Account
In addition to the general reporting requirements [see IEIM402000], where the Reportable Account is a Custodial Account the information to be reported for each Reporting Period [see IEIM400520 for FATCA and IEIM400580 for CRS] is:
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The total gross amount of interest paid or credited to the account
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The total gross amount of dividends paid or credited to the account
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The total gross amount of other income generated with respect to the assets held in the account paid or credited to the account. Other income for this purpose means any amount that would be considered income for the purposes of the Income Tax Act 2007 other than interest or dividends.
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The total gross proceeds [see IEIM402220] from the sale or redemption of financial assets paid or credited to the account.