719 Extent of exemption under section 717
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

719  Extent of exemption under section 717

(1)     This section sets out the rules for determining the extent to which an annuity payment is within the exemption in section 717(1).

(2)     The rules depend on—

(a)     whether or not the amount of the annuity payments under the annuity depends solely on the duration of a human life or lives (see subsections (3) to (5)), and

(b)     whether or not the annuity's term depends solely

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