income property

all sums considered by an ICVC or by a manager, after consultation with the auditor, to be in the nature of income received or receivable for the account of an authorised fund. Income property includes income from debt securities calculated on a coupon basis or an effective yield basis if, in either case, the coupon figure is at least equal to the effective yield figure, but it does not include59 any amount for the time being standing to the credit of the distribution account.5