Income Tax (Trading and Other Income) Act 2005 section 511

Method for making transaction-related calculations under section 510

Section 511 sets out the method for calculating whether a relevant transaction (such as a part surrender or assignment of a life insurance policy or contract) has produced a chargeable gain, and if so, how much that gain is.

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.