If The Land Club Bond is held in in an IFISA then any interest paid is not taxable.
Payments of interest made in respect of investments not held in an IFISA are taxable and subject to deduction of income tax at the basic rate (currently 20%). Depending on your personal circumstances you may need to pay additional tax or be able to reclaim some or all of the tax deducted.
The foregoing is based on our understanding of current tax law and you should be aware that tax rates and allowances are subject to change. If you are in any doubt about your tax position you should seek advice form a qualified professional.
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