<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1" NumberOfProvisions="2543" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-04-01"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/1988/1/section/596</dc:identifier><dc:title>Income and Corporation Taxes Act 1988</dc:title><dc:description>An Act to consolidate certain of the enactments relating to income tax and corporation tax, including certain enactments relating also to capital gains tax; and to repeal as obsolete section 339(1) of the Income and Corporation Taxes Act 1970 and paragraphs 3 and 4 of Schedule 11 to the Finance Act 1980.</dc:description><dc:date>1988-02-09</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-05-01</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-04-01</dct:valid>
					
					<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/data.xml" type="application/xml"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/1988/1/resources" title="More Resources"/>
					
					
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/1988/1" title="whole act"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/1988/1/introduction" title="introduction"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/1988/1/body" title="body"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/1988/1/schedules" title="schedules"/>
					
										
					
					
					
					<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/data.rdf" title="RDF/XML"/><atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/data.akn" title="AKN"/><atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/data.xht" title="HTML snippet"/><atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/data.htm" title="Website (XHTML) Default View"/><atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/data.csv" title="CSV"/><atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/data.pdf" title="PDF"/>
					<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/data.html" title="HTML5 snippet"/>

					
					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/1988/1/contents" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/1999-07-27" title="1999-07-27"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/enacted" title="enacted"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/1991-02-01" title="1991-02-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/1999-07-27" title="1999-07-27"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596/2003-04-06" title="2003-04-06"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/1988/1" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/1988/1/section/595" title="Provision; Section 595"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/1988/1/section/595" title="Provision; Section 595"/><atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596A" title="Provision; Section 596A"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/1988/1/section/596A" title="Provision; Section 596A"/>
					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1988"/><ukm:Number Value="1"/><ukm:EnactmentDate Date="1988-02-09"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectingYear="2005" URI="http://www.legislation.gov.uk/id/effect/key-226ae3d3b9d67ad2586b63cb0803e4d6" AffectedYear="1988" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedNumber="1" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingNumber="7" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2005/7" Notes="This amendment not applied to legislation.gov.uk. The amending provision (2005 c. 7, Sch. 4 para. 6) repealed retrospectively by 2005 c. 22, Sch. 6 para. 4(1)(6)" EffectId="key-226ae3d3b9d67ad2586b63cb0803e4d6" AffectingProvisions="Sch. 4 para. 6(3)" RequiresApplied="false" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="s. 109A(4B)" AffectedExtent="E+W+S+N.I." Row="1872" Type="inserted" AffectingEffectsExtent="E+W+S+N.I." Modified="2022-04-21T15:01:57Z"><ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-109A-4B" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/109A/4B" FoundRef="section-109A">s. 109A(4B)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Finance Act 2005</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-4" URI="http://www.legislation.gov.uk/id/ukpga/2005/7/schedule/4">Sch. 4 </ukm:Section><ukm:Section Ref="schedule-4-paragraph-6-3" URI="http://www.legislation.gov.uk/id/ukpga/2005/7/schedule/4/paragraph/6/3">para. 6(3)</ukm:Section></ukm:AffectingProvisions><ukm:InForceDates><ukm:InForce Date="2005-04-07" Qualification="with effect in accordance with" OtherQualification="s. 80(3)(4)"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedExtent="E+W+S+N.I." AffectedYear="1988" AffectingYear="2004" AffectedProvisions="Act" Type="Tax Acts: power to modify conferred" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingProvisions="s. 18" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2004/25" RequiresApplied="true" Modified="2022-04-21T15:01:57Z" AffectingClass="UnitedKingdomPublicGeneralAct" Row="156" AffectedNumber="1" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingNumber="25" EffectId="key-3bf93f5f4f294390eed562b98f900c46" AffectedClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-3bf93f5f4f294390eed562b98f900c46"><ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>Horserace Betting and Olympic Lottery Act 2004</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-18" URI="http://www.legislation.gov.uk/id/ukpga/2004/25/section/18">s. 18</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-40" URI="http://www.legislation.gov.uk/id/ukpga/2004/25/section/40">s. 40</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect RequiresApplied="false" URI="http://www.legislation.gov.uk/id/effect/key-0e06b525e81058cef6b010bdeff22d29" AffectedNumber="1" AffectingNumber="3629" AffectedExtent="E+W+S+N.I." AffectingProvisions="art. 52(2)(n)" AffectingClass="UnitedKingdomStatutoryInstrument" AffectedYear="1988" AffectingURI="http://www.legislation.gov.uk/id/uksi/2001/3629" AffectingEffectsExtent="E+W+S+N.I." AffectedProvisions="Sch. 19AB para. 5(5)(a)(b)" Row="12550" Type="words substituted" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingYear="2001" Notes="This amendment not applied to legislation.gov.uk. The words to be substituted do not occur in Sch. 19AB para. 5" Modified="2022-04-21T15:01:57Z" EffectId="key-0e06b525e81058cef6b010bdeff22d29"><ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-19AB" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/19AB">Sch. 19AB </ukm:Section><ukm:Section Ref="schedule-19AB-paragraph-5-5-a" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/19AB/paragraph/5/5/a" FoundRef="schedule-19AB-paragraph-5">para. 5(5)(a)</ukm:Section><ukm:Section Ref="schedule-19AB-paragraph-5-5-b" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/19AB/paragraph/5/5/b" FoundRef="schedule-19AB-paragraph-5">(b)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="article-52-2-n" URI="http://www.legislation.gov.uk/id/uksi/2001/3629/article/52/2/n">art. 52(2)(n)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="article-1-2-a" URI="http://www.legislation.gov.uk/id/uksi/2001/3629/article/1/2/a">art. 1(2)(a)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2001-12-01" Qualification="with effect in accordance with" OtherQualification="art. 1(2)(a)"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingClass="UnitedKingdomStatutoryInstrument" AffectedClass="UnitedKingdomPublicGeneralAct" Modified="2022-04-21T15:01:57Z" Type="applied (with modifications)" AffectingYear="2010" AffectedYear="1988" Row="264" AffectedProvisions="Act" AffectedNumber="1" URI="http://www.legislation.gov.uk/id/effect/key-b9054a3d085379b318defb2d493dc991" AffectedExtent="E+W+S+N.I." EffectId="key-b9054a3d085379b318defb2d493dc991" AffectingNumber="875" AffectingURI="http://www.legislation.gov.uk/id/uksi/2010/875" AffectingEffectsExtent="E+W+S" AffectingProvisions="reg. 16 Sch. 2" Notes="This amendment not applied to legislation.gov.uk. S.I. 2010/875 was revoked (27.8.2010) by SI 2010/1906, reg. 2 without having come into force" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" RequiresApplied="false"><ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) Regulations 2010</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-16" URI="http://www.legislation.gov.uk/id/uksi/2010/875/regulation/16">reg. 16</ukm:Section> <ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/uksi/2010/875/schedule/2">Sch. 2</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2010/875/regulation/1/2">reg. 1(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2010-10-01" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									 
					<ukm:Alternatives><ukm:Alternative Date="2025-03-20" Size="94068552" URI="http://www.legislation.gov.uk/ukpga/1988/1/pdfs/ukpga_19880001_en.pdf" Print="true"/></ukm:Alternatives>
					
					<ukm:Statistics>
									<ukm:TotalParagraphs Value="2544"/>
									<ukm:BodyParagraphs Value="1579"/>
									<ukm:ScheduleParagraphs Value="965"/>
									<ukm:AttachmentParagraphs Value="0"/>
									<ukm:TotalImages Value="37"/>
								</ukm:Statistics>
				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/body" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/body" NumberOfProvisions="1579" RestrictStartDate="2026-04-01"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/part/XIV" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/XIV" NumberOfProvisions="112" id="part-XIV" RestrictStartDate="2025-03-20"><Number>PART XIV</Number><Title> PENSION SCHEMES, SOCIAL SECURITY BENEFITS, LIFE ANNUITIES ETC.</Title><Chapter DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/part/XIV/chapter/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/XIV/chapter/I" NumberOfProvisions="39" id="part-XIV-chapter-I"><Number>
            <CommentaryRef Ref="c21614871"/>CHAPTER I</Number><Title> RETIREMENT BENEFIT SCHEMES</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/part/XIV/chapter/I/crossheading/charge-to-tax-in-certain-cases" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/XIV/chapter/I/crossheading/charge-to-tax-in-certain-cases" NumberOfProvisions="13" RestrictExtent="E+W+S+N.I." RestrictStartDate="1998-07-31" id="part-XIV-chapter-I-crossheading-charge-to-tax-in-certain-cases"><Title> Charge to tax in certain cases</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2003-04-06"><Title> Exceptions from section 595.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/section/596" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/596" id="section-596"><Pnumber>596</Pnumber><P1para><Text><CommentaryRef Ref="c23481551"/>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text></P1para></P1></P1group></Pblock></Chapter></Part></Body></Primary><Commentaries><Commentary id="c23481551" Type="F"><Para><Text><CitationSubRef id="c09666" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/595" SectionRef="section-595">Ss. 595</CitationSubRef>, <CitationSubRef id="c09667" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/596" SectionRef="section-596">596</CitationSubRef> repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2003/1" id="c09668" Year="2003" Class="UnitedKingdomPublicGeneralAct" Number="1" Title="Income Tax (Earnings and Pensions) Act 2003">Income Tax (Earnings and Pensions) Act 2003 (c. 1)</Citation>, <CitationSubRef id="c09669" URI="http://www.legislation.gov.uk/id/ukpga/2003/1/schedule/6/paragraph/74" CitationRef="c09668" SectionRef="schedule-6-paragraph-74">Sch. 6 para. 74</CitationSubRef>, <CitationSubRef id="c09670" URI="http://www.legislation.gov.uk/id/ukpga/2003/1/schedule/8/part/1" Operative="true" CitationRef="c09668" SectionRef="schedule-8-part-1">Sch. 8 Pt. 1</CitationSubRef> (with <CitationSubRef id="c09671" URI="http://www.legislation.gov.uk/id/ukpga/2003/1/schedule/7" CitationRef="c09668" SectionRef="schedule-7">Sch. 7</CitationSubRef>)</Text></Para></Commentary><Commentary id="c21614871" Type="C"><Para><Text><CitationSubRef id="c09797" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/14/chapter/1" SectionRef="part-14-chapter-1">Pt. 14 Ch. 1</CitationSubRef> (ss. 590-612) modified (31.3.1995) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1993/8" id="c09798" Year="1993" Class="UnitedKingdomPublicGeneralAct" Number="8" Title="Judicial Pensions and Retirement Act 1993">Judicial Pensions and Retirement Act 1993 (c. 8)</Citation>, <CitationSubRef id="c09799" URI="http://www.legislation.gov.uk/id/ukpga/1993/8/section/18" Operative="true" CitationRef="c09798" SectionRef="section-18">ss. 18</CitationSubRef>, <CitationSubRef id="c09800" URI="http://www.legislation.gov.uk/id/ukpga/1993/8/section/19/4" CitationRef="c09798" SectionRef="section-19-4">19(4)</CitationSubRef>, <CitationSubRef id="c09801" URI="http://www.legislation.gov.uk/id/ukpga/1993/8/section/31/2" CitationRef="c09798" SectionRef="section-31-2">31(2)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/1995/631" id="c09802" Class="UnitedKingdomStatutoryInstrument" Year="1995" Number="631">S.I. 1995/631</Citation>, <CitationSubRef id="c09803" URI="http://www.legislation.gov.uk/id/uksi/1995/631/article/2" Operative="true" CitationRef="c09802" SectionRef="article-2">art. 2</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>