Explanatory Notes

Income Tax (Trading and Other Income) Act 2005

2005 CHAPTER 5

24 March 2005

Commentary on Sections

Part 4: Savings and investment income

Chapter 9: Gains from contracts for life insurance etc.

Section 525: Chargeable events where annual calculations show gains

2061. This section is based on regulations 5 and 6 of PPB(T)R.