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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 March 2016 - onwards
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807C. Supplementary provisions in relation to section 806 - apportionment in certain cases.

(1) In this section -

'appropriate exemption' means an exemption by virtue of subsection (8)(b) or (10)(b)(ii) of section 806;

'exempt year of assessment' means a year of assessment referred to in subsection (2)(b) in respect of which there was no earlier year of assessment where -

(a) the individual was liable to tax by virtue of section 806, or

(b) the individual would have been liable to tax by virtue of section 806 if there had been any deemed income of such individual under that section;

'relevant transactions' has the meaning assigned to it by section 806(10).

(2) This section applies where an individual is liable to income tax by virtue of section 806 for a year of assessment and -

(a) the individual is so liable by virtue of the conditions in section 806(10)(b)(ii) not being met,

(b) since the making of the transfer there have been one or more years of assessment where the circumstances were such that, so far as relating to such of the relevant transactions as were effected bef

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