721 Exempt sum: term dependent solely on duration of life
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

721  Exempt sum: term dependent solely on duration of life

(1)     In the case of an annuity within section 719(7) (term dependent solely on duration of life), the exempt sum is—

PP x (1 / TY) x (PM / 12)

·É³ó±ð°ù±ð—

PP is the purchase price of the annuity,

TY is the expected term of the

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