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Income Tax (Trading and Other Income) Act 2005 section 727
Certain annual payments by individuals
Section 727 (together with section 730) provides exemptions for certain annual payments made by individuals and for foreign maintenance payments, but Schedule 2 paragraph 146 restricts these exemptions by excluding payments that fell due before 16 March 1988 or payments due between that date and 5 April 2000 that were made under pre-existing obligations, unless specific conditions are met.
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