[227B The alternative chargeable amount]
Finance Act 2004 (2004 c 12) | Legislation

[227B  The alternative chargeable amount]

[(1)     The alternative chargeable amount is the total of—

(a)     the amount (if any) by which the defined-benefit input sub-total exceeds the alternative annual allowance, and

(b)     the amount by which the money-purchase input sub-total exceeds [£10,000].

(2)     The alternative annual allowance is—

[X] – [£10,000]

where [X] is the annual allowance for the year in the case of the individual (see sections 228(1) and 228A).

(3)     The defined-benefit input sub-total is the total of—

(a)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

179. List of offences triable either way.

  Without prejudice to any other enactment by virtue of which any offence is triable either way1, the following offences are triable either way2:  (1)     offences at common law of public nuisance3;  (2)     an offence at common law of

LEXISNEXIS

Costs and the ‘without prejudice’ rule

Costs and the ‘without prejudice’ ruleCosts determination and the ‘without prejudice’ ruleAn issue for practitioners is whether correspondence marked ‘without prejudice’ can be used against a party when the court comes to determine the issue of costs. The Court of Appeal in Walker v Wilsher (1889)

LEXISNEXIS

What is electronic money?

What is electronic money?BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant

LEXISNEXIS

Debt for equity swaps

Debt for equity swapsA popular restructuring method is a debt for equity swap; financial creditors receive equity in the restructured vehicle in return for reducing or cancelling their debt claims against the company (and the rest of the group).Many highly levered deals have thin equity cushions and