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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. Chargeable events where annual calculations show gains

Section 525 | Chargeable events where annual calculations show gains

From legislation.gov.uk

(1)This section applies if the calculation in section 522 shows that a gain has arisen in relation to an insurance year.

(2)The gain is treated as arising at the end of the insurance year on the occurrence of a chargeable event at that time.

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