{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-423",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-423.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/423",
  "kind": "section",
  "number": "423",
  "heading": "Meaning of “purchased life annuity”",
  "text": "(1) In this Chapter “purchased life annuity” means an annuity—\n(a) granted for consideration in money or money's worth in the ordinary course of a business of granting annuities on human life, and\n(b) payable for a term ending at a time ascertainable only by reference to the end of a human life.\n(2) For this purpose it does not matter that the annuity may in some circumstances end before or after the life.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/423",
    "retrieved_at": "2026-10-29T09:16:32.370392+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."
}