Commentary

E1.548 Consideration for the grant of the annuities

Personal and employment tax

E1.548 Consideration for the grant of the annuities

E1.548 Consideration for the grant of the annuities

In order to determine the exempt proportion or the exempt sum, it is necessary to ascertain the purchase price of the annuity (PP). This is the total amount or value of the consideration given for the annuity.

If the consideration is not given solely for the annuity, or it appears that the amount or value of the consideration nominally given for it affected, or was affected by, the consideration given for something else1, consideration given for a right to a return of premiums or of other consideration for an annuity is treated as

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