Section 717 Exemption for part of purchased life annuity payments
United Kingdom
(1)
No liability to income tax arises under Chapter 7 of Part 4 in respect of so much of an annuity payment made under a purchased life annuity as is within this subsection in accordance with section 719 (extent of exemption).
(2)
Subsection (1) is subject to section 718.
F1(3)
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(4)
In this Chapter “purchased life annuity” has the same meaning as in Chapter 7 of Part 4 (see section 423).
Annotations
Textual amendments
- F1
S. 717(3) repealed (6.4.2008) by Finance Act 2007 (c. 11), s. 46(5)(9), Sch. 27 Pt. 2(13); S.I. 2008/561, art. 2