The Individual Savings Account Regulations 1998
1 Citation and commencement
2 Interpretation
3 Introductory
4 General conditions for accounts and subscriptions to accounts
4ARepair of certain incompatible accounts and excess subscriptions
4BClosure of cash account prior to the opening of the same type of account to be disregarded once
4CRemoval of insurance components at 6th April 2005
4DRemoval of maxi-accounts, mini-accounts and TESSA only accounts at 6th April 2008
5ATreatment of sums held in accounts managed by Icesave Bank
5 Transfers from matured tax-exempt special savings accounts
6 General investment rules
7 Qualifying investments for a stocks and shares component
8 Qualifying investments for a cash component
9Insurance policies
10 Qualifying individuals who may invest under an account
11 Account investor ceasing to qualify
12 Conditions for application to subscribe to an account
13 Application by curator bonis
14 Account manager—qualifications and Board’s approval
15 Special requirements relating to insurer-managers
16 Account manager—appointment of tax representative
17 Account manager—withdrawal by Board of approval
18 Account manager—appeal against withdrawal of Board’s approval
19 Account manager ceasing to act
20 Account manager ceasing to qualify
21 Transfers relating to accounts
22 Exemption from tax of account income and gains
23 Interest on cash deposits held under a stocks and shares component...
24 Tax liabilities and reliefs—account manager to act on behalf of account investor
25 Repayments in respect of tax to account manager—interim claims
26 Repayments in respect of tax to account manager—annual returns and annual claims
27 Account manager’s returns and claims—supplementary provisions
28 Assessments for withdrawing relief and recovering tax
29 Records to be kept by account manager
30 Information to be given to account investor by account manager
31 Returns of information by account manager
32 Information to be provided to the Board
33 Inspection of records by officer of the Board
34 Capital gains tax—adaptation of enactments
35 Administration of tax in relation to accounts—supplementary
36Application of the provisions of Chapter II of Part XIII of the Taxes Act and of Chapter 9 of Part 4 of ITTOIA 2005 to policies where an investor ceases to be or was not entitled to relief from tax
1998 No. 1870
INCOME TAX

The Individual Savings Account Regulations 1998

Made
Laid before the House of Commons
Coming into forceIn accordance with regulation 1

The Treasury, in exercise of the powers conferred on them by sections 333, 333A and 333B of the Income and Corporation Taxes Act 1988M1, section 151 of the Taxation of Chargeable Gains Act 1992M2 and sections 75 and 76(3) of the Finance Act 1998, hereby make the following Regulations: