{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-669",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-669.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/669",
  "kind": "section",
  "number": "669",
  "heading": "Relief for unremittable transfer proceeds: section 630 profits",
  "text": "(1) This section applies if—\n(a) a person is liable for income tax on accrued income profits within section 630(2) (making accrued income profits: settlement day outside interest period),\n(b) the person is so liable as a result of making transfers of foreign securities of a particular kind, and\n(c) the proceeds of the transfers are unremittable in the tax year.\n(2) If the person makes a claim for relief under this section the profits are reduced to nil.\n(3) But see section 670 (withdrawal of relief).\n(4) Any claim under this section must be made not more than 4 years after the end of the tax year for which the profits would be chargeable to tax if no claim were made.\n(5) A person's personal representatives may make any claim under this section which the person might have made.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 669(4) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 118(2), Sch. 39 para. 62; S.I. 2009/403, art. 2(2) (with art. 10)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/669",
    "retrieved_at": "2026-10-29T09:13:03.599581+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."
}