Income Tax (Trading and Other Income) Act 2005 Explanatory Notes

Section 699: Non-entitlement to exemption

2680.Under section 694(3) regulations may specify “the description of individuals who may invest” in a plan. This section contains the powers under which regulations may be made to provide rules for an investor in a plan ceasing to be entitled to the exemption from income tax. It is based on section 333 of ICTA.

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