Liability to duty of amounts received and repaid in the course of short-term dealings on the same day
This ruling has ceased
archive-FID-017
The purpose of this ruling is to clarify whether an amount which is received in the course of short-term dealings by a registered financial institution, and repaid on the same day, is subject to duty under the Financial Institutions Duty Act 1982.
Issue Date : 31 July 1994
Ceased : 1 July 2001
