Specific types of payments and persons are exempt from the charge to income tax. Certain income is wholly exempt from all taxes on income/revenue (¶132-450ff.) whilst certain persons are exempt from all taxes on income/revenue, whether in respect of the whole or part of their income (¶144-000ff.). Below is a list of the persons and types of payments which are specifically exempt from income tax. Some of these are dealt with in greater detail below. The exemptions are for:

(1)termination payments not exceeding £30,000 (see ¶437-000);

(2)ISA dividends, etc. (see ¶315-000);

(3)pension scheme benefits, including:

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.