{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-487",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-487.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/487",
  "kind": "section",
  "number": "487",
  "heading": "Disregard of certain assignments",
  "text": "For the purposes of this Chapter, an assignment of rights under a policy or contract or a share in such rights is ignored if it is—\n(a) by way of security for a debt,\n(b) on the discharge of a debt secured by the rights or share, or\n(c) between spouses or civil partners living together.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 487 inserted (5.12.2005) by The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229), reg. 185"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/487",
    "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."
}