OpenLegislation

Paragraph 263

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

(1)

Amend section 623 (relevant earnings) as follows.

(2)

In subsection (2)—

(a)

in paragraph (c) for “Schedule D” substitute “ Part 2 of ITTOIA 2005 ”, and

(b)

for paragraph (d) substitute—

“(d)

income to which section 833(5B) (patent income) applies;”.

(3)

In subsection (6)—

(a)

in paragraph (a) for “section 74(m), (p) or (q)” substitute “ section 51 of ITTOIA 2005 ”, and

(b)

after the “or” at the end of that paragraph insert—

“(aa)

deductions in respect of any annuity or other annual payment (other than interest) payable out of his profits; or”.