Part 6

Exempt income
Chapter 8

Other annual payments

Certain annual payments by individuals

Certain annual payments by individuals
727
1
No liability to income tax arises under Part 5 in respect of an annual payment if it—
a
is made by an individual, and
b
arises in the United Kingdom.
2
Subsection (1) is subject to—
- section 728 (commercial payments), and
- section 729 (payments for non-taxable consideration).
3
Subsection (1) also applies to a payment made by an individual's personal representatives if—
a
the individual would have been liable to make it, and
b
that subsection would have applied if the individual had made it.
4
For the purposes of subsection (1) and section 728, “individual” includes a Scottish partnership if at least one partner is an individual.