{
  "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-amendment-regulations-2002/note",
  "json_url": "https://openlegislation.uk/personal-portfolio-bonds-tax-amendment-regulations-2002/note.json",
  "legislation": "uksi/2002/455",
  "legislation_title": "The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002",
  "legislation_url": "https://openlegislation.uk/personal-portfolio-bonds-tax-amendment-regulations-2002",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Personal Portfolio Bonds (Tax) Regulations 1999 (S.I. 1999/1029) in consequence of the restructuring of section 552 of the Income and Corporation Taxes Act 1988 (c. 1) by paragraph 18 of Schedule 28 to the Finance Act 2001 (c. 9). The material contained in section 552 as originally enacted has been split into two sections, a substituted section 552 and a new section 552ZA.\nRegulation 1 provides for the citation, commencement and effect of the Regulations. Regulation 2 amends regulation 6 of the 1999 Regulations. It substitutes a new paragraph (7), which reflects the restructuring of section 552. The effect of paragraph (7) as substituted is to apply the provisions of the substituted section 552, to the extent they are relevant, to the chargeable event which is treated as arising under regulation 6(1) of the 1999 Regulations. Regulation 2 also inserts a new paragraph (7A) into regulation 6, providing a modification of section 552ZA in the application of that section to the gain treated as arising under regulation 6(1).\nA regulatory impact assessment has been prepared in respect of these Regulations. A copy has been placed in the library of each House of Parliament and may be found on the Inland Revenue website (www.inlandrevenue.gov.uk) or obtained from Revenue Policy, Business Tax, Room 5W5, 5th Floor, 22 Kingsway, London WC2B 6NR.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2002/455/note",
    "retrieved_at": "2026-10-29T07:14:14.277180+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."
}