C2C1C3C4C5Part 9Pension income

Annotations:

Chapter 15Voluntary annual payments

635Taxable pension income: foreign voluntary annual payments

1

The taxable pension income for payments to which section 633 applies is determined in accordance with this section if the payments are made by or on behalf of a person who is outside the United Kingdom.

2

The taxable pension income for a tax year is F6the full amount of the pension income arising in the tax year, but subject to F5subsection (4) .

F2F73

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

4

F4The full amount of the pension income arising in the tax year is treated as relevant foreign income for the purposes of Chapters 2 and 3 of Part 8 of F3ITTOIA 2005 (relevant foreign income: remittance basis and deductions and reliefs).

5

But if that pension income arises in the Republic of Ireland, section 839 of that Act (annual payments payable out of relevant foreign income) applies with the omission of F1conditions 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).