# Income Tax Act 2007, Section 809RZD: Effect where 30-day deadline is met


(1) This section applies if the required amount in relation to a breach of the TRF deposit rule was transferred out of the account in accordance with section 809RZC(2).
(2) Sections 809Q and 809R have effect as if—
(a) the intervening transactions had never taken place, and
(b) each prohibited sum represented by the required amount had instead been transferred directly (at the time that sum was paid into the TRF capital account) into the account or other property into which the required amount was transferred by virtue of the single one-off qualifying transfer.
(3) Each of the following is an “intervening transaction”—
(a) each payment into the TRF capital account of a prohibited sum represented by the required amount, and
(b) the single one-off qualifying transfer out of the TRF capital account.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/809RZD (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-809RZD
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.