2005 c. 5; section 699 was amended by the Commissioners for Revenue and Customs Act 2005 (c. 11), Schedule 4, paragraph 132 and the Finance Act 2011 (c. 11), Part 2, section 40(4); section 701(5) was inserted by the Finance Act 2008 (c. 9), Part 2, section 40.

1992 c. 12. Section 151(2) was amended by section 64(2) of the Finance Act 1995 (c. 4), section 75(6) of, and Part 3(15) of Schedule 27 to, the Finance Act 1998 (c. 36), paragraph 436 of Schedule 1(2) to the Income Tax (Trading and Other Income) Act 2005 (c. 5), and section 40 of the Finance Act 2011.

http://www.legislation.gov.uk/uksi/2014/1450/contents/madeThe Individual Savings Account (Amendment No. 2) Regulations 2014enKing's Printer of Acts of Parliament2022-10-20INCOME TAXCAPITAL GAINS TAXThese Regulations amend the Individual Savings Accounts Regulations 1998 (S.I. 1998/1870) (“the Regulations”).The Individual Savings Account (Amendment No. 2) Regulations 20141Citation, commencement and effect2Amendment of the Individual Savings Account Regulations 19983In regulation 2(2) (interpretation), in the Table, for “Subscriptions limits...4In regulation 2D (regulations that do not apply to junior...5In regulation 4 (general conditions for accounts and subscriptions to...6In regulation 4ZA (subscriptions to an account other than a...7In regulation 4ZB (subscriptions to a junior ISA account), in...8In regulation 4A (repair of certain incompatible account and excess...9Omit regulation 4C (removal of insurance components as at 6th...10Omit regulation 4D (removal of maxi-accounts, mini-accounts and TESSA only...11In regulation 5C (treatment of certain sums held in dormant...12In regulation 5DB (defaulted investment subscription), in paragraph (a), for...13In regulation 5E(1)(a) (subscriptions made by account investors issued with...14In regulation 7 (qualifying investments for a stocks and shares...15In regulation 8 (qualifying investments for a cash component)— 16In regulation 9 (insurance policies), in paragraph (1), omit “or...17In regulation 10 (qualifying individuals who may invest under an...18In regulation 12 (conditions for application to open an account...19(1) In regulation 21 (transfers relating to accounts other than...20In regulation 22 (exemption from tax of account income and...21Omit regulation 23 (interest on cash deposits held under a...22In regulation 24(3) (tax liabilities and reliefs—account manager to act...23In regulation 25 (repayment in respect of tax to account...24In regulation 26 (repayments in respect of tax to account...25In regulation 31 (returns of information by account manager)—

2014 No. 1450

Income TaxCapital Gains Tax

The Individual Savings Account (Amendment No. 2) Regulations 2014

Made4th June 2014

Laid before the House of Commons5th June 2014

Coming into force1st July 2014

The Treasury, in exercise of the powers conferred by sections 694(1), (3) and (5), 695(1) and (2), 699 and 701(1), (2), (3) and (5) of the Income Tax (Trading and other Income) Act 2005 and section 151(1) and (2) of the Taxation of Chargeable Gains Act 1992 make the following Regulations:

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<ref href="http://www.legislation.gov.uk/id/ukpga/2005/5">2005 c. 5</ref>
; section 699 was amended by the Commissioners for Revenue and Customs Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2005/11">2005 (c. 11)</ref>
, Schedule 4, paragraph 132 and the Finance Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2011/11">2011 (c. 11)</ref>
, Part 2, section 40(4); section 701(5) was inserted by the Finance Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2008/9">2008 (c. 9)</ref>
, Part 2, section 40.
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<ref href="http://www.legislation.gov.uk/id/ukpga/1992/12">1992 c. 12</ref>
. Section 151(2) was amended by section 64(2) of the Finance Act
<ref href="http://www.legislation.gov.uk/id/ukpga/1995/4">1995 (c. 4)</ref>
, section 75(6) of, and Part 3(15) of Schedule 27 to, the Finance Act
<ref href="http://www.legislation.gov.uk/id/ukpga/1998/36">1998 (c. 36)</ref>
, paragraph 436 of Schedule 1(2) to the Income Tax (Trading and Other Income) Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2005/5">2005 (c. 5)</ref>
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<toc>
<tocItem level="0" class="title" href="">The Individual Savings Account (Amendment No. 2) Regulations 2014</tocItem>
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<inline name="tocHeading">Citation, commencement and effect</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/2/made" level="1" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">Amendment of the Individual Savings Account Regulations 1998</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/3/made" level="1" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading">In regulation 2(2) (interpretation), in the Table, for “Subscriptions limits...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/4/made" level="1" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading">In regulation 2D (regulations that do not apply to junior...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/5/made" level="1" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading">In regulation 4 (general conditions for accounts and subscriptions to...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/6/made" level="1" class="item">
<inline name="tocNum">6</inline>
<inline name="tocHeading">In regulation 4ZA (subscriptions to an account other than a...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/7/made" level="1" class="item">
<inline name="tocNum">7</inline>
<inline name="tocHeading">In regulation 4ZB (subscriptions to a junior ISA account), in...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/8/made" level="1" class="item">
<inline name="tocNum">8</inline>
<inline name="tocHeading">In regulation 4A (repair of certain incompatible account and excess...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/9/made" level="1" class="item">
<inline name="tocNum">9</inline>
<inline name="tocHeading">Omit regulation 4C (removal of insurance components as at 6th...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/10/made" level="1" class="item">
<inline name="tocNum">10</inline>
<inline name="tocHeading">Omit regulation 4D (removal of maxi-accounts, mini-accounts and TESSA only...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/11/made" level="1" class="item">
<inline name="tocNum">11</inline>
<inline name="tocHeading">In regulation 5C (treatment of certain sums held in dormant...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/12/made" level="1" class="item">
<inline name="tocNum">12</inline>
<inline name="tocHeading">In regulation 5DB (defaulted investment subscription), in paragraph (a), for...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/13/made" level="1" class="item">
<inline name="tocNum">13</inline>
<inline name="tocHeading">In regulation 5E(1)(a) (subscriptions made by account investors issued with...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/14/made" level="1" class="item">
<inline name="tocNum">14</inline>
<inline name="tocHeading">In regulation 7 (qualifying investments for a stocks and shares...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/15/made" level="1" class="item">
<inline name="tocNum">15</inline>
<inline name="tocHeading">In regulation 8 (qualifying investments for a cash component)— </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/16/made" level="1" class="item">
<inline name="tocNum">16</inline>
<inline name="tocHeading">In regulation 9 (insurance policies), in paragraph (1), omit “or...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/17/made" level="1" class="item">
<inline name="tocNum">17</inline>
<inline name="tocHeading">In regulation 10 (qualifying individuals who may invest under an...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/18/made" level="1" class="item">
<inline name="tocNum">18</inline>
<inline name="tocHeading">In regulation 12 (conditions for application to open an account...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/19/made" level="1" class="item">
<inline name="tocNum">19</inline>
<inline name="tocHeading">(1) In regulation 21 (transfers relating to accounts other than...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/20/made" level="1" class="item">
<inline name="tocNum">20</inline>
<inline name="tocHeading">In regulation 22 (exemption from tax of account income and...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/21/made" level="1" class="item">
<inline name="tocNum">21</inline>
<inline name="tocHeading">Omit regulation 23 (interest on cash deposits held under a...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/22/made" level="1" class="item">
<inline name="tocNum">22</inline>
<inline name="tocHeading">In regulation 24(3) (tax liabilities and reliefs—account manager to act...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/23/made" level="1" class="item">
<inline name="tocNum">23</inline>
<inline name="tocHeading">In regulation 25 (repayment in respect of tax to account...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/24/made" level="1" class="item">
<inline name="tocNum">24</inline>
<inline name="tocHeading">In regulation 26 (repayments in respect of tax to account...</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2014/1450/regulation/25/made" level="1" class="item">
<inline name="tocNum">25</inline>
<inline name="tocHeading">In regulation 31 (returns of information by account manager)— </inline>
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<p class="title">
<shortTitle>The Individual Savings Account (Amendment No. 2) Regulations 2014</shortTitle>
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<span>Made</span>
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<span>Laid before the House of Commons</span>
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The Treasury, in exercise of the powers conferred by sections 694(1), (3) and (5), 695(1) and (2), 699 and 701(1), (2), (3) and (5) of the Income Tax (Trading and other Income) Act 2005
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and section 151(1) and (2) of the Taxation of Chargeable Gains Act 1992
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make the following Regulations:
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