The Individual Savings Account Regulations 1998

Introductory Text
1.Citation and commencement
2.Interpretation
3.Introductory
4.General conditions for accounts and subscriptions to accounts
5.Transfers from matured tax-exempt special savings accounts
6.General investment rules
7.Qualifying investments for a stocks and shares component
8.Qualifying investments for a cash component
9.Qualifying investments for an insurance component
10.Qualifying individuals who may invest under an account
11.Account investor ceasing to qualify
12.Conditions for application to subscribe to an account
13.Application by curator bonis
14.Account manager—qualifications and Board’s approval
15.Special requirements relating to insurer-managers
16.Account manager—appointment of tax representative
17.Account manager—withdrawal by Board of approval
18.Account manager—appeal against withdrawal of Board’s approval
19.Account manager ceasing to act
20.Account manager ceasing to qualify
21.Transfer of accounts to other account managers
22.Exemption from tax of account income and gains
23.Interest on cash deposits held under a stocks and shares component or insurance component
24.Tax liabilities and reliefs—account manager to act on behalf of account investor
25.Repayments in respect of tax to account manager—interim claims
26.Repayments in respect of tax to account manager—annual returns and annual claims
27.Account manager’s returns and claims—supplementary provisions
28.Assessments for withdrawing relief and recovering tax
29.Records to be kept by account manager
30.Information to be given to account investor by account manager
31.Returns of information by account manager
32.Information to be provided to the Board
33.Inspection of records by officer of the Board
34.Capital gains tax—adaptation of enactments
35.Administration of tax in relation to accounts—supplementary
Signature
Explanatory Note