[528 Reduction in amount charged on basis of non-UK residence where individual liable for tax]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[528  Reduction in amount charged on basis of non-UK residence where individual liable for tax]

[(1)     Subsection (2) applies if—

(a)     an individual is liable for tax charged on a gain from a policy of life insurance or a capital redemption policy, and

(b)     there are one or more days in the material interest period [that are foreign days].

[(1A)     Foreign days” are—

(a)     days falling within any tax year for which the individual is not UK resident, and

(b)     days falling within the overseas part of any tax year that is a split year as respects the individual.]

(2)     In determining the individual's liability for tax, the gain on which the tax is charged in

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Recklessness in criminal cases

Recklessness in criminal casesWhat is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House

LEXISNEXIS

HCPC—Main hearing of the Health and Care Professions Tribunal

HCPC—Main hearing of the Health and Care Professions TribunalCoronavirus (COVID-19): This Practice Note contains guidance on subjects impacted by the government’s response to the coronavirus outbreak. In particular, the Health and Care Professions Council (HCPC) (Coronavirus) (Amendment) Rules Order

LEXISNEXIS

Rescission of a contract

Rescission of a contractWhat is rescission of a contract?The remedy of rescission is available to a party whose consent, in entering into a contract, has been invalidated in some way:•the effect of rescinding a contract is to extinguish it and restore the parties to their pre-contractual

LEXISNEXIS

Wounding or causing grievous bodily harm with intent

Wounding or causing grievous bodily harm with intentThe offence of causing grievous bodily harm with intentWounding or causing grievous bodily harm (GBH) with intent is triable only in the Crown Court on indictment. Elements of the offence Under the Offences against the Person Act 1861 (OATPA 1861),