C2C1C4C5C3Part 9Pension income

Annotations:
Modifications etc. (not altering text)
C2

Pt. 9: power to amend conferred (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), s. 4(3)

C1

Pt. 9 excluded by 2004 c. 12, Sch. 36 para. 45A(1) (as inserted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 4 para. 19)

Chapter 10Other employment-related annuities

613Taxable pension income: foreign annuities

1

The taxable pension income for an annuity to which section 609, 610 or 611 applies is determined in accordance with this section if the annuity arises from a source outside the United Kingdom.

2

The taxable pension income for a tax year is F6the full amount of the annuity arising in the tax year, but subject to F4subsection (4).

F1F33

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

The annuity is treated as relevant foreign income for the purposes of Chapters 2 and 3 of Part 8 of F2ITTOIA 2005 (relevant foreign income: remittance basis and deductions and reliefs).

5

But if the annuity arises in the Republic of Ireland, section 839 of that Act (annual payments payable out of relevant foreign income) applies with the omission of F5conditions B1 and B2 (and the reference to them in subsection (1)) and subsection (5)(a).

6

See also Chapter 4 of that Part (unremittable income).