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Legislation
Income Tax Act 2007

Crossheading Excepted payments

  • Section 933 UK resident companies
  • Section 934 Non-UK resident companies
  • Section 935 PEP and ISA managers
  • Section 936 Recipients who are to be paid gross
  • Section 937 Partnerships
  1. Excepted payments
  2. PEP and ISA managers

Section 935 | PEP and ISA managers

From legislation.gov.uk

(1)A payment is an excepted payment if each of the following conditions is met in relation to the payment.

(2)The person to whom the payment is made must be, or must be the nominee of, the plan manager of a plan of a kind to which regulations under Chapter 3 of Part 6 of ITTOIA 2005 (income from individual investment plans) apply.

(3)The plan manager must receive the payment in respect of investments under the plan.

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