Point in time view as at 18/11/2024.
There are currently no known outstanding effects for the Finance Act 2004, Paragraph 13.
13(1)This paragraph applies where, in relation to any person who would (apart from this paragraph) be chargeable under this Schedule for any year of assessment, the aggregate of the amounts specified in sub-paragraph (2) in respect of that year does not exceed £5,000.U.K.
(2)Those amounts are—
(a)in relation to any land to which paragraph 3 applies in respect of him, the appropriate rental value as determined under paragraph 4(2),
(b)in relation to any chattel to which paragraph 6 applies in respect of him, the appropriate amount as determined under paragraph 7(2), and
(c)in relation to any intangible property to which paragraph 8 applies in respect of him, the chargeable amount determined under paragraph 9.
(3)Where this paragraph applies, the person is not chargeable for that year of assessment under any of the following provisions—
(a)paragraph 3(5) (land),
(b)paragraph 6(5) (chattels), or
(c)paragraph 8(3) (intangible property).
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