http://www.legislation.gov.uk/ukpga/1999/16/section/54/1999-07-27
Finance Act 1999
An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.
1999-08-05
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Statute Law Database
2024-06-06
1999-07-27
Finance Act 1999
Sch. 17 para. 6 - 8 Sch. 19 Pt. 1-III
Finance Act 1999
s. 123(3)s. 123(4)139Sch. 20 Pt. 5(6) Note
Part III Income Tax, Corporation Tax and Capital Gains Tax
Reverse premiums
54 Tax treatment of reverse premiums.
1
Schedule 6 to this Act (tax treatment of receipts by way of reverse premium) has effect.
2
The provisions of that Schedule apply in relation to a reverse premium (within the meaning of that Schedule) received on or after 9th March 1999, unless it is a payment or other benefit to which the recipient was entitled immediately before that date.
3
In determining whether a payment or benefit was one to which the recipient was entitled immediately before 9th March 1999, no account shall be taken of any arrangements made on or after that date.