The Income Tax (Purchased Life Annuities) (Amendment) Regulations 1990

• Citation: S.I. 1990/626
• Sections: 5

Section 1 Citation and Commencement

These Regulations may be cited as the Income Tax (Purchased Life Annuities) (Amendment) Regulations 1990 and shall come into force on 6th April 1990.

Section 2 Interpretation

In these Regulations “the Principal Regulations ” means the Income Tax (Purchased Life Annuities) Regulations 1956 and “regulation” means a regulation of, and “the Schedule” means the Schedule to, the Principal Regulations.

Section 3 Amendments to the Principal Regulations

(1) Regulation 19 shall be renumbered as paragraph (1) of that regulation.

(2) In that regulation as so renumbered after the word “Where” there shall be inserted the words “this paragraph applies and”.

(3) After that regulation as so renumbered there shall be added—

(2) Paragraph (1) of this regulation applies in relation to the repaying or charging of tax in respect of any payment or part of any payment on account of an annuity which, by virtue of section 279 of the Income and Corporation Taxes Act 1988 as it has effect for years of assessment before 1990—91, is deemed to be the income of her husband or would have been so deemed but for the operation of section 656(1) of that Act.

Section 4 Amendments to the Principal Regulations

In regulation 21 after the word “or,” there shall be inserted—

“in respect of years of assessment before 1990—91,”.

Section 5 Amendments to the Principal Regulations

The Schedule shall have effect in respect of claims under regulation 4 which are made on or after 6th April 1990 with the following amendments—

(a) in paragraph 6, the omission of the words “and, if the annuitant is a married woman, the name of her husband”; and

(b) in paragraph 7, the omission of the words “, or of the husband of an annuitant who is a married woman,”.