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Taxes Consolidation Act, 1997 (Number 39 of 1997)


790E Taxation of certain investment returns to relevant pension arrangements

(1) Notwithstanding any other provisions of this Part or Part 19, where the amount to be regarded as a distribution for the purposes of section 784A is determined in accordance with subsection (1B)(h) of that section, then the provisions of section 774(3), 784(4), 785(5), 787I(1), 608(2) or 608(3) shall not apply to any income or gains, to which those provisions would, but for this section, otherwise apply, that arise to the pension investor (within the meaning of subsection (1B)(h) of section 784A) where the circumstances described in subparagraphs (i) and (ii) of subsection (1B)(h) of section 784A arise.

(2) The income or gains referred to in subsection (1) shall be chargeable to tax on the trustees or administrator of the pension investor, referred to in that subsection, under Case IV of Schedule D.




Inserted by FA14 s19(5)(b). Has effect on and from 23 October 2014.