Exceptions Exceptions

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

• Sch. 5 para. 7(1) word omitted by Finance Act 2026 s. 111(3)(a)(i)
• Sch. 5 para. 7(1)(a)(ii) and word omitted by Finance Act 2026 s. 111(3)(a)(ii)
• Sch. 5 para. 7(2)(a) words omitted by Finance Act 2026 s. 111(3)(b)(i)
• Sch. 5 para. 7(2)(b) omitted by Finance Act 2026 s. 111(3)(b)(ii)
• Sch. 5 para. 7(3)(a) words omitted by Finance Act 2026 s. 111(3)(c)(i)
• Sch. 5 para. 7(3)(b) omitted by Finance Act 2026 s. 111(3)(c)(ii)
• Sch. 5 para. 7A and cross-heading inserted by Finance Act 2026 s. 111(4)
• Sch. 5 para. 16(6) substituted by Finance Act 2026 s. 111(5)