# Income and Corporation Taxes Act 1988, Section 659E: Treatment of income from property investment LLPs

Extent: E+W+S+N.I.

(1) The exemptions specified below do not apply to income derived from investments, deposits or other property held as a member of a property investment LLP (see section 1004 of ITA 2007).
(2) The exemptions are those provided by—
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section 613(4) (Parliamentary pension funds),
section 614(3) (certain colonial, &c. pension funds),
section 614(4) (the Overseas Service Pension Fund),
section 614(5) (other pension funds for overseas employees),
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(3) The income to which subsection (1) above applies includes relevant stock lending fees, in relation to any investments, to which any of the provisions listed in subsection (2) above would apply by virtue of section 129B.
(4) Section 659A (treatment of futures and options) applies for the purposes of subsection (1) above.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/section/659E (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/section-659E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.