Commentary

E1.552 Exemption from income tax for receipts of annual payments made by individuals

Personal and employment tax

E1.552 Exemption from income tax for receipts of annual payments made by individuals

E1.552 Exemption from income tax for receipts of annual payments made by individuals

An annual payment is exempt from being charged to income tax on the payee as their miscellaneous income, if it arises in the UK and is made by1:

  1.  

    •     an individual2

  2.  

    •     an individual's personal representatives if the individual would have been liable to make it and it would have been exempt if he had made it3

  3.  

    •     a Scottish partnership if at least one partner is an individual4

The exemption does not apply to a payment made by an individual for commercial reasons in connection with his

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