Part 1

Tax credits

Supplementary

Inalienability
45
1
Every assignment of or charge on a tax credit, and every agreement to assign or charge a tax credit, is void; and, on the bankruptcy of a person entitled to a tax credit, the entitlement to the tax credit does not pass to any trustee or other person acting on behalf of his creditors.
2
In the application of subsection (1) to Scotland—
a
the reference to assignment is to assignation (“assign” being construed accordingly), and
b
the reference to the bankruptcy of a person is to the sequestration of his estate or the appointment on his estate of a judicial factor under section 41 of the Solicitors (Scotland) Act 1980 (c. 46).