Part 4Savings and investment income
Chapter 2Interest
Other income taxed as interest
377Date when interest payments under section 376 made
1
This section applies for determining the date on which payments of interest under section 376 are treated as made.
2
The date on which the payments are treated as made depends on whether a date is specified by or in accordance with the trust's terms for any distribution for the distribution period in question.
3
If such a date is so specified, the payments are treated as made on that date.
4
If no such date is so specified, the payments are treated as made on the last day of that period.