Explanatory Notes

Income Tax (Trading and Other Income) Act 2005

2005 CHAPTER 5

24 March 2005

Commentary on Sections

Schedule 2: Transitionals and savings etc.

Part 7: Savings and investment income: gains from contracts for life insurance etc. (personal portfolio bonds)

Paragraph 126: Meaning of “permitted index”

3667. This paragraph is based on regulation 3 of PPB(T)R.