514 Chargeable events where transaction-related calculations show gains
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

514  Chargeable events where transaction-related calculations show gains

(1)     If the calculation in section 511 shows that a relevant transaction resulted in a gain arising on the policy or contract, the relevant transaction is treated as a chargeable event.

(2)     Subsection (1) is subject to section 485(5) (which restricts the circumstances

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