Income Tax Act 2007

[F1809XExempt propertyU.K.
This section has no associated Explanatory Notes

(1)Exempt property which is brought to, or received or used in, the United Kingdom in circumstances in which section 809L(2)(a) applies is to be treated as not remitted to the United Kingdom.

(2)Subsections (3) to (5) set out the cases in which property is exempt property.

(3)Property is exempt property if it meets the public access rule (see sections 809Z and 809Z1).

(4)Clothing, footwear, jewellery and watches F2... are exempt property if they meet the personal use rule (see section 809Z2).

(5)Property F3... is exempt property if—

(a)the property meets the repair rule (see section 809Z3),

(b)the property meets the temporary importation rule (see section 809Z4), or

(c)the notional remitted amount (see section 809Z5) is less than £1,000.]

Textual Amendments

F1Pt. 14 Ch. A1 inserted (21.7.2008 with effect in accordance with Sch. 7 para. 81 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 1 (with Sch. 7 paras. 85-89)

F2Words in s. 809X(4) omitted (with effect in accordance with Sch. 27 para. 15(1) of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 27 para. 10(2)

F3Words in s. 809X(5) omitted (with effect in accordance with Sch. 27 para. 15(1) of the amending Act) by virtue of Finance Act 2009 (c. 10), Sch. 27 para. 10(3)