450 Other persons: payments ineligible for relief
Income Tax Act 2007 (2007 c 3) | Legislation

450  Other persons: payments ineligible for relief

(1)     This section sets out the circumstances in which a payment to which section 449 applies, or part of it, is ineligible for relief.

(2)     The payment is ineligible for relief if, or so far as, it can lawfully be made only out of—

(a)     capital, or

(b)     income that is exempt

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