Chwilio Deddfwriaeth

Income Tax (Trading and Other Income) Act 2005

 Help about what version

Pa Fersiwn

 Help about advanced features

Nodweddion Uwch

 Help about opening options

Dewisiadau AgorExpand opening options

Changes over time for: Paragraph 610

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Paragraph 610. Help about Changes to Legislation

This adran has no associated Nodiadau Esboniadol

610U.K.After section 644 insert—

644AHealth and employment insurance payments

(1)No liability to income tax arises in respect of a pension or annuity payment if or to the extent that—

(a)were the payment an annual payment falling within Chapter 7 of Part 5 of ITTOIA 2005, it would be exempt from income tax under section 735 of that Act (health and employment insurance payments), and

(b)it meets conditions A and B.

(2)Condition A is that the payments are made—

(a)to a person (“the pensioner”) who made payments or contributions in respect of premiums under an insurance policy which another person took out wholly or partly for the pensioner's benefit, or

(b)to the pensioner's husband or wife.

(3)Condition B is that the payments are attributable on a just and reasonable basis to the payments or contributions in respect of premiums.

Yn ôl i’r brig

Options/Cymorth