Regulation 17 Exemption from tax of plan income and gains

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

reg.17(1)(a) substituted by Personal Equity Plan 1997 reg.10
reg.17(1) substituted by Personal Equity Plan 1995 reg. 8
reg.17(2)(a) amended by Personal Equity Plan 1996 reg.8
reg. 17 renumbered as 17(1) and amended by Personal Equity Plan 1991
reg. 17(2) renumbered as 17(1) and amended by Personal Equity Plan 1991
reg. 17(2) added by Personal Equity Plan 1991
reg.17(3) added by Personal Equity Plan 1998 reg.8

Subject to these Regulations, except interest in respect of plan investments which is not reinvested but is paid to or at the direction of the plan investor or otherwise applied for his benefit, no tax shall be chargeable on the plan manager or his nominee or the plan investor in respect of interest, dividends or gains in respect of plan investments, losses in respect of plan investments shall be disregarded for the purposes of capital gains tax, and relief in respect of tax shall be given in the manner and to the extent provided by these Regulations.