Commentary

E1.551 Exemptions from charge to income tax on certain annual payments received

Personal and employment tax

E1.551 Exemptions from charge to income tax on certain annual payments received

Other annual payments received

E1.551 Exemptions from charge to income tax on certain annual payments received

This article discusses several specific exemptions from the charge to income tax for annual payments received. For details on the charge to income tax see E1.510. For details of the tax treatment of annual payments from the payer's perspective see E1.801.

Any annual payments received by individuals and non corporate bodies (ie trusts and partnerships)1, which are not charged to income tax under other provisions and which are not specifically exempted from the charge to tax2, are brought into charge as miscellaneous income3 (see

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