No versions valid at: 24/02/2022
Point in time view as at 24/02/2022. This version of this provision is not valid for this point in time.
There are currently no known outstanding effects for the Finance Act 2022, Paragraph 4.
Valid from 06/06/2022
4(1)An amount is exempt from income tax and capital gains tax if and to the extent that—
(a)it is paid out of an authorised reclaim fund in respect of a relevant dormant asset, and
(b)the amount transferred to the fund in respect of the asset was an amount owing to a person by virtue of an investment to which regulations under Chapter 3 of Part 6 of ITTOIA 2005 (exemption for income from individual investment plans) applied.
(2)In this paragraph—
“authorised reclaim fund” has the same meaning as in the Dormant Assets Acts 2008 to 2022;
“relevant dormant asset” has the same meaning as in section 39(2) of FA 2008 (as substituted by paragraph 2).
Commencement Information
I1Sch. 6 para. 4 not in force at Royal Assent, see Sch. 6 para. 6
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