Income Tax (Trading and Other Income) Act 2005 section 426

Annuity payments received after deduction of tax

Section 426 establishes that when income tax has been deducted at source from an annuity payment, the recipient of that annuity is treated as having paid that income tax themselves.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.