Income Tax (Trading and Other Income) Act 2005(c. 5) - Explanatory Notes

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 7: Purchased Life Annuity Payments

Section 423: Meaning of “purchased life annuity”

1713. This section rewrites the definition of “purchased life annuity” in section 657(1) of ICTA.