Section 237 Superannuation funds, annuities and annual payments.

United Kingdom

No chargeable gain shall accrue to any person on the disposal of a right to, or to any part of—

(a)

any allowance, annuity or capital sum payable out of any superannuation fund, or under any superannuation scheme, established solely or mainly for persons employed in a profession, trade, undertaking or employment, and their dependants, F1or

F2(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c)

annual payments which are due under a covenant made by any person and which are not secured on any property.

Annotations

Textual amendments

F1: Word in s. 237(a) inserted (with effect in accordance with s. 73(4) of the amending Act) by Finance Act 2006 (c. 25), s. 73(3)(a)
F2: S. 237(b) repealed (with effect in accordance with s. 73(4) of the amending Act) by Finance Act 2006 (c. 25), s. 73(3)(b), Sch. 26 Pt. 3(10)