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

SCHEDULES

SCHEDULE 1 Consequential amendments

Part 1 Income and Corporation Taxes Act 1988

124 In section 273 (payments securing annuities)—

(a) renumber the existing text as subsection (1),

(b) in that subsection after “Subject to” insert “subsection (2) and”,

(c) in that subsection omit “, 617(3)”, and

(d) after that subsection insert—

“(2) No deduction may be made under this section in respect of any contribution paid by any person under Part 1 of the Social Security Contributions and Benefits Act 1992 or Part 1 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992.”