Print Options
PrintThe Whole
Instrument
PrintThis
Section
only
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Amendment of the Schedule
This section has no associated Explanatory Memorandum
25. In the Schedule (Lifetime ISA further provision)—
(a)in paragraph 1 (interpretation)—
(i)in sub-paragraph (1)—
(aa)for the definition of “claim period” substitute—
““claim period” means—
(a)
a period beginning with the 6th day of a month and ending with the 5th day of the following month, or
(b)
such period as may be specified from time to time under paragraph 2(1);”;
(bb)in the definition of “qualifying addition” omit “or a payment under regulation 10A(4)(c)”;
(ii)omit sub-paragraphs (2), (3) and (4);
(b)in paragraph 2 (government bonus claim) omit sub-paragraph (11);
(c)in paragraph 7 (definitions for the purposes of paragraph 6), after the definition of “a legal interest in land” insert—
““loan” does not include a loan made by a person who is connected to the account investor, and for this purpose “connected” has the meaning given by section 993 of ITA 2007();”;
(d)in paragraph 13 (withdrawals: information returns) omit sub-paragraph (5).
Back to top