215Limitation of exemption for scholarship income in [F1section 776(1) of ITTOIA 2005] U.K.
This section has no associated Explanatory Notes
If an employment-related benefit consists in the provision of a scholarship, [F2section 776(1) of ITTOIA 2005] (exemption for scholarship income) applies only in relation to the holder of the scholarship.
Textual Amendments
F1Words in s. 215 heading substituted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 299 (with Sch. 9 paras. 1-9, 22)
F2Words in s. 215 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 590 (with Sch. 2)