04.03 – Products exempt from being Financial Accounts

The products that are exempt from being Financial Accounts are the same under the International Tax Compliance (Crown Dependencies and Gibraltar) Regulations 2014 as they are under the International Tax Compliance (United States of America) Regulations 2013.

The descriptions in the CD and Gibraltar Agreements differ slightly from the US Agreement. Escrow Accounts and Accounts Held by an Estate are specifically named in the CD and Gibraltar Agreements. However, these accounts are exempt under both sets of reporting regulations.