Part 3

Income tax, corporation tax and capital gains tax

Insurance and friendly societies

Purchased life annuities: self-assessment
46
1
In section 437(1C) of ICTA (general annuity business), omit paragraphs (c)(i) and (d)(i).
2
In section 656 of that Act (purchased life annuities other than retirement annuities), omit subsections (5) and (6).
3
In section 658 of that Act (supplementary), omit subsections (1) and (4) to (6).
4
In section 828(4) of that Act (parliamentary procedure for orders and regulations), omit “658(3)”.
5
In section 717 of ITTOIA 2005 (exemption for part of purchased life annuity payment), omit subsection (3).
6
Omit section 723 of that Act (officer of Revenue and Customs to determine certain questions).
7
In section 724 of that Act (regulations)—
a
in subsection (1)(a), for “723” substitute “ 722 ”, and
b
omit subsection (2).
8
In section 873(3) of that Act (parliamentary procedure for orders and regulations), omit paragraph (b).
9
The amendments made by subsections (1) to (3) and (5) to (7) come into force on such day as the Treasury may by order appoint; and different days may be appointed for different purposes.
S. 46(1)-(3) (5)-(7) in force at 6.4.2008 for the purposes of the amendments made by those sub-sections by S.I. 2008/561, art. 2