The Commissioners for HMRC may by regulations prescribe the procedure to be used in giving effect to the exemption for purchased life annuities, and apply any provisions of the Income Tax Acts, with or without modifications, for the purposes of those provisions or regulations1.
They may also make regulations prescribing the mortality tables to be used for the purposes of determining the exempt proportion or exempt sum2.
The Income Tax (Purchased Life Annuities) Regulations 2008 were made
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