Artikel 5 lid 1 Briefwisseling houdende een overeenkomst tussen het Koninkrijk der Nederlanden en het Britse Overzeese Gebied Montserrat betreffende belastingheffing op inkomsten uit spaargelden, Montserrat, 24-01-2005

a. interest paid, or credited to an account, relating to debt claims of every kind, whether or not secured by mortgage and whether or not carrying a right to participate in the debtor's profits, and, in particular, income from government securities and income from bonds or debentures, including premiums and prizes attaching to such securities, bonds or debentures; penalty charges for late payments shall not be regarded as interest payments;

b. interest accrued or capitalised at the sale, refund or redemption of the debt claims referred to in a);

c. income deriving from interest payments either directly or through an entity referred to in Article 4(2) of this Agreement, distributed by –

d. income realised upon the sale, refund or redemption of shares or units in the following undertakings and entities, if they invest directly or indirectly, via other undertakings for collective investment or entities referred to below, more than 40% of their assets in debt claims as referred to in a):
However, the contracting parties shall have the option of including income mentioned under paragraph (1)d) of this Article in the definition of interest only to the extent that such income corresponds to gains directly or indirectly deriving from interest payments within the meaning of paragraphs (1)a) and b) of this Article.