{
  "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999",
  "json_url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999.json",
  "id": "uksi/1999/1029",
  "title": "The Personal Portfolio Bonds (Tax) Regulations 1999",
  "short_title": "Personal Portfolio Bonds (Tax) 1999",
  "long_title": "These Regulations make provision for a yearly charge to tax on gains treated as arising in relation to policies of life insurance, contracts for life annuities and capital redemption policies that are personal portfolio bonds, and for the application of the provisions in Chapter II of Part XIII of the Income and Corporation Taxes Act 1988 (“the 1988 Act”) in relation to those gains. The Regulations have effect in relation to years (as defined) ending on or after 6th April 2000.",
  "citation": "S.I. 1999/1029",
  "type": "uksi",
  "year": "1999",
  "number": "1029",
  "version": "current",
  "date": "1999-03-30",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 9,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
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      "number": "1",
      "heading": "Citation, commencement and effect",
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/regulation-1",
      "extent": null,
      "status": null,
      "parent": null
    },
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      "heading": "Interpretation",
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/regulation-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Policies or contracts issued or made before 17th March 1998 which are the subject of special exclusions from being personal portfolio bonds",
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/regulation-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Definition of personal portfolio bond (applying to all policies or contracts whenever issued or made)",
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/regulation-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Personal portfolio bonds—computation of gain",
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/regulation-5",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Application of Chapter II of Part XIII of the Taxes Act",
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/regulation-6",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
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    {
      "title": "Printed copy",
      "main": true,
      "language": null,
      "date": "2008-11-12",
      "size": null,
      "url": "https://openlegislation.uk/personal-portfolio-bonds-tax-regulations-1999/pdf/uksi_19991029_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/1999/1029/pdfs/uksi_19991029_en.pdf"
    }
  ],
  "outstanding_effects": [
    {
      "type": "am",
      "affected_provisions": "reg 5",
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      "affecting_title": "The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2001",
      "affecting_provisions": "regs 2, 3"
    },
    {
      "type": "am",
      "affected_provisions": "reg 6",
      "affecting": "uksi/2001/2724",
      "affecting_title": "The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2001",
      "affecting_provisions": "regs 2, 4"
    },
    {
      "type": "words substituted",
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      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001",
      "affecting_provisions": "art. 184(4)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 2(1)",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001",
      "affecting_provisions": "art. 184(5)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 4(4)(c)",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001",
      "affecting_provisions": "art. 185"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 2(1)",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001",
      "affecting_provisions": "art. 184(2)"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 2(1)",
      "affecting": "uksi/2001/3629",
      "affecting_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001",
      "affecting_provisions": "art. 184(3)"
    },
    {
      "type": "substituted for reg. 6(7)",
      "affected_provisions": "reg. 6(7)(7A)",
      "affecting": "uksi/2002/455",
      "affecting_title": "The Personal Portfolio Bonds (Tax) (Amendment) Regulations 2002",
      "affecting_provisions": "reg. 2"
    },
    {
      "type": "words substituted",
      "affected_provisions": "reg. 2(1)",
      "affecting": "uksi/2013/472",
      "affecting_title": "The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013",
      "affecting_provisions": "Sch. 2 para. 24"
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1988/1",
      "title": "Income and Corporation Taxes Act 1988",
      "url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988",
      "provisions": [
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      ]
    }
  ],
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1999/1029",
    "retrieved_at": "2026-10-29T10:51:47.971000+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."
}