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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Personal portfolio bonds

  • Section 515 Requirement for annual calculations in relation to personal portfolio bonds 9
  • Section 516 Meaning of “personal portfolio bond”
  • Section 517 Policies and contracts which are not personal portfolio bonds
  • Section 518 The index categories
  • Section 519 The index selection conditions
  • Section 520 The property categories
  • Section 521 The property selection conditions
  • Section 522 Method for making annual calculations under section 515
  • Section 523 The total amount of personal portfolio bond excesses
  • Section 524 The total amount of part surrender gains
  • Section 525 Chargeable events where annual calculations show gains
  • Section 526 Power to make regulations about personal portfolio bonds
  1. Personal portfolio bonds
  2. The index categories

Section 518 | The index categories

From legislation.gov.uk

(1)This section sets out the categories of index referred to in section 517(1).

(2)Category 1 is the retail prices index.

(3)Category 2 is any general index which—

(a)is similar to the retail prices index, and

(b)is published by the government of any foreign state or an agent of such a government.

(4)Category 3 is any published index of prices of shares listed on a recognised stock exchange.

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