[541A Effect of rebated or reinvested commission in certain cases]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[Rebated or reinvested commission]

[541A  Effect of rebated or reinvested commission in certain cases]

[(1)     This section applies if—

(a)     a chargeable event within section 484(1)(a)(i) to (iii), (c) or (e) occurs in respect of a policy or contract,

(b)     commission in respect of the policy or contract has at any time been rebated or reinvested, and

(c)     condition A or B is met.

(2)     For the purposes of performing the calculation in

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