Common use of Tax Relief Clause in Contracts

Tax Relief. 5. Any bonus or interest payable under a savings contract qualifies for exemption for tax and levy purposes in accordance with the terms of section 519C of the TCA 1997. Such bonus or interest payable to a person under a savings contract—

Tax Relief. 5. Any bonus or interest payable under a savings contract qualifies for exemption for tax and levy purposes in accordance with the terms of section 519C 702 of ITTOIA 2005 and section 271(4) of the TCA 1997Taxation of Chargeable Gains Act 1992. Such bonus or interest payable to a person under a savings contract—contract shall in the hands of that person -