Income Tax Act 2007

587Power for manufactured payments to be eligible for reliefU.K.
This section has no associated Explanatory Notes

(1)The Treasury may by regulations provide for any—

(a)manufactured dividend,

(b)manufactured interest, or

(c)manufactured overseas dividend,

paid to any person to be treated, in such circumstances and to such extent as may be prescribed in the regulations, as exempt pension income of the recipient.

(2)Exempt pension income” means income which is eligible for relief from income tax as a result of section 613(4) or 614(2), (3) or (4) of ICTA or section 186 of FA 2004 (exemptions about pensions and annuities).