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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Partial exemption for purchased life annuity payments

  • Section 717 Exemption for part of purchased life annuity payments
  • Section 718 Excluded annuities
  • Section 719 Extent of exemption under section 717
  • Section 720 Exempt proportion: term dependent solely on duration of life
  • Section 721 Exempt sum: term dependent solely on duration of life
  • Section 722 Consideration for the grant of annuities
  • Section 723 Determinations
  • Section 724 Regulations
  1. Partial exemption for purchased life annuity payments
  2. Regulations

Section 724 | Regulations

From legislation.gov.uk

(1)the Commissioners for Her Majesty’s Revenue and Customs may by regulations—

(a)prescribe the procedure to be used in giving effect to sections 717 to 722 and this section where no provision is made in those provisions,

(b)apply any provision of the Income Tax Acts, with or without modifications, for the purposes of those provisions or the regulations,

(c)prescribe tables of mortality for the purposes of sections 720(4) and 721(4).

(2)Repealed

(3)Repealed

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