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Paragraph 255

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Amend section 599 (charge to tax: commutation of entire pension in special circumstances) as follows.

(2)

In subsection (1) after “whether wholly or not, under the rule,” insert “ income ”.

(3)

In subsection (1B) before “tax” insert “ income ”.

(4)

In subsection (3) for the words from the beginning to “Schedule D on that amount,” substitute “ The person liable for any tax chargeable under this section shall be the administrator of the scheme ”.