There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Section 692.
(1)No liability to income tax arises in respect of income from authorised savings certificates.
(2)A savings certificate is authorised so far as its acquisition was not prohibited by regulations made by the Treasury limiting a person's holding.
(3)In this section “savings certificates” means—
(a)savings certificates issued under—
(i)section 12 of the National Loans Act 1968 (c. 13) (power of Treasury to borrow),
(ii)section 7 of the National Debt Act 1958 (c. 6) (power of Treasury to issue national savings certificates), or
(iii)section 59 of FA 1920 (power to borrow on national savings certificates),
(b)war savings certificates, as defined in section 9(3) of the National Debt Act 1972 (c. 65), or
(c)savings certificates issued under any enactment forming part of the law of Northern Ireland and corresponding to section 12 of the National Loans Act 1968.
(4)But subsection (3)(c) does not include Ulster Savings Certificates (for which there are special rules in section 693).
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
