Part 6

Exempt income
Chapter 1

Introduction

Overview of Part 6
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1
This Part provides for certain exemptions from charges to income tax under this Act.
2
The exemptions are dealt with in—
a
Chapter 2 (national savings income),
b
Chapter 3 (income from individual investment plans),
c
Chapter 4 (SAYE interest),
d
Chapter 5 (venture capital trust dividends),
e
Chapter 6 (income from FOTRA securities),
f
Chapter 7 (purchased life annuity payments),
g
Chapter 8 (other annual payments), and
h
Chapter 9 (other income).
3
Chapter 10 explains that, in general, the effect of the exemptions is that the exempt amounts are ignored for other income tax purposes.
4
Other exemptions, such as exemptions relating to particular categories of persons, may also be relevant to the charges to income tax under this Act.
5
And the exemptions dealt with in this Part may themselves be relevant to charges to income tax outside this Act.