725 Annual payments under immediate needs annuities
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Immediate needs annuities

725  Annual payments under immediate needs annuities

(1)     No liability to income tax arises under Chapter 7 of Part 4 in respect of so much of an annual payment made under an immediate needs annuity as is made—

(a)     for the benefit of the person protected under that annuity, and

(b)     to a care provider or a

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