The power is given for the investment plan regulations to provide for an investor in the plan to cease to be entitled to the exemption from income tax1.
More specifically, the investment plan regulations may2:
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•ÌýÌýÌýÌý provide that in circumstances specified in the regulations an investor ceases to be entitled to the exemption and is treated as not having been entitled to it
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•ÌýÌýÌýÌý adapt or modify the effect of any enactment relating to income tax for that purpose, and
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•ÌýÌýÌýÌý provide that in those circumstances, the investor or plan manager (depending on the terms of the regulations) is to account to the Commissioners for HMRC for income tax from which exemption has already been given on the basis that the investor was entitled to the exemption
Investment plan regulations
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Web page updated on 17 Mar 2025 16:54