- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
(1)This Part applies if—
(a)a former employee makes a deductible payment, or
(b)a former employer makes a deductible payment on behalf of a former employee and the payment is treated—
(i)as a relevant retirement benefit, or
(ii)as post-employment earnings,
of the former employee.
(2)A deduction of the amount of the deductible payment may be made when computing the former employee’s total income for the tax year in which the payment is made.
(3)Subsection (2) applies only if the former employee makes a claim to the deduction.
(4)The entitlement to a deduction under this section is subject to sections 556 and 557.
(5)For the application of this Part in relation to former office-holders, see section 564.
(6)For relief from capital gains tax where the amount of the deduction allowed under this section exceeds total income, see section 263ZA of TCGA 1992.
(1)No deduction may be made under section 555 if the deductible payment is made—
(a)on or before the day on which the former employee ceased to hold the former employment, or
(b)after the end of the sixth tax year following the tax year in which the former employee ceased to hold the former employment.
(2)If subsection (1)(a) applies, see section 346 (deduction for employee liabilities).
(1)This section applies if—
(a)a deductible payment is made by the former employee (and not by the former employer on behalf of the former employee), but
(b)the whole or a part of the cost of making the payment is borne—
(i)by the former employer, or
(ii)out of the proceeds of a contract of insurance.
(2)No deduction of the amount of the cost borne as mentioned in subsection (1)(b) (the “relevant amount”) may be made under section 555.
(3)But this is subject to subsection (4) if the whole or a part of the relevant amount is treated—
(a)as a relevant retirement benefit of the former employee, or
(b)as post-employment earnings of the former employee.
(4)In such a case, a deduction of so much of the relevant amount as is treated in that way may be made under section 555.
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
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