# Income Tax Act 2007, Section 736: Exemptions: introduction

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

(1) Sections 737 to 742 deal with exemptions from liability under this Chapter.
(2) Some exemptions apply according to whether the relevant transactions are all pre-5 December 2005 transactions or all post-4 December 2005 transactions or include both (see sections 737, 739 and 740).
(2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) In this section and sections 737 to 742—
“post-4 December 2005 transaction” means a relevant transaction effected on or after 5 December 2005, and
“pre-5 December 2005 transaction” means a relevant transaction effected before 5 December 2005.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/736 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-736
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.