{
  "url": "https://openlegislation.uk/finance-act-2022/schedule-6/paragraph-4",
  "json_url": "https://openlegislation.uk/finance-act-2022/schedule-6/paragraph-4.json",
  "legislation": "ukpga/2022/3",
  "legislation_title": "Finance Act 2022",
  "legislation_url": "https://openlegislation.uk/finance-act-2022",
  "path": "schedule/6/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": "Exemption for reclaim amounts in respect of individual investment plans",
  "text": "(1) An amount is exempt from income tax and capital gains tax if and to the extent that—\n(a) it is paid out of an authorised reclaim fund in respect of a relevant dormant asset, and\n(b) the amount transferred to the fund in respect of the asset was an amount owing to a person by virtue of an investment to which regulations under Chapter 3 of Part 6 of ITTOIA 2005 (exemption for income from individual investment plans) applied.\n(2) In this paragraph—\n“authorised reclaim fund” has the same meaning as in the Dormant Assets Acts 2008 to 2022;\n“relevant dormant asset” has the same meaning as in section 39(2) of FA 2008 (as substituted by paragraph 2).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 6 para. 4 not in force at Royal Assent, see Sch. 6 para. 6"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 6 para. 4 in force at 6.6.2022 by S.I. 2022/569, reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/3/schedule/6/paragraph/4",
    "retrieved_at": "2026-10-29T08:57:50.927298+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}