Part 6Exempt income
Chapter 3Income from individual investment plans
701General and supplementary powers
1
Investment plan regulations may make provision generally for the purpose of—
a
the establishment and administration of plans, and
b
the administration of income tax in relation to them.
2
They may adapt or modify the effect of any enactment relating to income tax for the purpose of securing that investors are entitled to exemption from income tax in respect of investments.
3
They may specify how exemption from tax is to be claimed by, and granted to, investors or plan managers on behalf of investors.