# Income Tax (Trading and Other Income) Act 2005, Section 717: Exemption for part of purchased life annuity payments

Extent: E+W+S+N.I.

(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.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) In this Chapter “purchased life annuity” has the same meaning as in Chapter 7 of Part 4 (see section 423).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/717 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-717
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.