- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (06/04/2007)
- Gwreiddiol (Fel y'i Deddfwyd)
Finance Act 2004
You are here:
Pa Fersiwn
Nodweddion Uwch
- Dangos Graddfa Ddaearyddol(e.e. Lloegr, Cymru, Yr Alban aca Gogledd Iwerddon)
- Dangos Llinell Amser Newidiadau
Changes over time for: Section 280
Version Superseded: 19/07/2007
Alternative versions:
- 22/07/2004- Amendment
- 06/04/2005- Amendment
- 06/04/2006- Amendment
- 06/04/2007- Amendment
- 06/04/2007
Point in time - 19/07/2007- Amendment
- 01/04/2009- Amendment
- 08/04/2010- Amendment
- 19/07/2011- Amendment
- 17/07/2012- Amendment
- 17/07/2013- Amendment
- 19/03/2014- Amendment
- 17/12/2014- Amendment
- 26/03/2015- Amendment
- 06/04/2015- Amendment
- 21/10/2015- Amendment
- 18/11/2015- Amendment
- 15/09/2016- Amendment
- 24/03/2017- Amendment
- 15/03/2018- Amendment
- 06/04/2018- Amendment
- 01/08/2022- Amendment
- 11/07/2023- Amendment
- 06/04/2024- Amendment
Status:
Point in time view as at 06/04/2007. This version of this provision has been superseded.
Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2004, Section 280.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
280Abbreviations and general indexU.K.
(1)In this Part—
“NIA 1965” means the National Insurance Act 1965 (c. 51),
“NIA(NI) 1966” means the National Insurance Act (Northern Ireland) 1966 (c. 6 (N.I.)),
“TMA 1970” means the Taxes Management Act 1970 (c. 9),
“ICTA 1970” means the Income and Corporation Taxes Act 1970 (c. 10),
“ICTA” means the Income and Corporation Taxes Act 1988 (c. 1),
“SSCBA 1992” means the Social Security Contributions and Benefits Act 1992 (c. 4),
“SSCB(NI)A 1992” means the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (c. 7),
“TCGA 1992” means the Taxation of Chargeable Gains Act 1992 (c. 12),
“WRPA 1999” means the Welfare Reform and Pensions Act 1999 (c. 30),
“WRP(NI)O 1999” means the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/ 3147 (N.I. 11)),
“FISMA 2000” means the Financial Services and Markets Act 2000 (c. 8), F1...
“ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003 (c. 1), F2[F3...
“ITTOIA 2005” means the Income Tax (Trading and Other Income Act) 2005] [F4and
“ITA 2007” means the Income Tax Act 2007.]
(2)In this Part the following expressions are defined or otherwise explained by the provisions indicated—
| [F5abatement | section 279(1)] |
| accounting period | section 834(1) of ICTA |
| [F6acquiring an interest in property (for the purposes of the taxable property provisions) | paragraphs 12 and 27 to 29 of Schedule 29A] |
| active member (of a pension scheme) | section 151(2) |
| active membership period (insections 221 to 223) | section 221(4) and (5) |
| amount crystallised | section 216 |
| annual allowance | section 228 |
| annual allowance charge | section 227(1) |
| annuity protection lump sum death benefit | paragraph 16 of Schedule 29 |
| arrangement | section 152(1) |
| authorised surplus payment | section 177 |
| available (in relation to a person’s lifetime allowance) | section 219 |
| basic rate | [F7section 6(2) of ITA 2007 (as applied by section 989 of that Act)] |
| basic rate limit | [F8section 20(2) of ITA 2007 (as applied by section 989 of that Act)] |
| benefits (provided by pension scheme) | section 279(2) |
| benefit crystallisation event | section 216 |
| the Board of Inland Revenue | section 279(1) |
| borrowing (in Chapter 3) | section 163 |
| [F6building (for the purposes of the taxable property provisions) | paragraph 7(2) of Schedule 29A] |
| cash balance arrangement | section 152(3) |
| cash balance benefits | section 152(5) |
| chargeable gain | [F9section 989 of ITA 2007] |
| charity | [F10section 989 of ITA 2007] |
| company | [F11section 992 of ITA 2007] |
| compensation payment | section 178 |
| contribution | sections188(4) to (6) and 195 |
| defined benefits | section 152(7) |
| defined benefits arrangement | section 152(6) |
| defined benefits lump sum death benefit | paragraph 13 of Schedule 29 |
| dependant’s alternatively secured pension fund | paragraph 25 of Schedule 28 |
| [F12dependants' annuity | paragraph 17 of Schedule 28] |
| dependants' scheme pension | paragraph 16 of Schedule 28 |
| [F12dependants' short-term annuity | paragraph 20 of Schedule 28] |
| dependant’s unsecured pension fund | paragraph 22 of Schedule 28 |
| employee and employer (and employment) | section 279(1) |
| employment income | section 7(2) of ITEPA 2003 |
| enhanced lifetime allowance regulations | section 256(2) |
| entitled (in relation to a lump sum) | section 166(2) |
| entitled (in relation to a pension) | section 165(3) |
| higher rate | [F13section 6(2) of ITA 2007 (as applied by section 989 of that Act)] |
| [F6holding an interest in a person (for the purposes of the taxable property provisions) | paragraph 16(2) to (4) of Schedule 29A] |
| [F6holding an interest in property (for the purposes of the taxable property provisions) | paragraph 13 of Schedule 29A] |
| [F6holding directly an interest in a vehicle (for the purposes of the taxable property provisions) | paragraph 20(3) of Schedule 29A] |
| [F6holding directly an interest in property (for the purposes of the taxable property provisions) | paragraphs 14 and 15 of Schedule 29A] |
| [F6holding indirectly an interest in a vehicle (for the purposes of the taxable property provisions) | paragraph 20(4) of Schedule 29A] |
| [F6holding indirectly an interest in property (for the purposes of the taxable property provisions) | paragraph 16(1) of Schedule 29A] |
| hybrid arrangement | section 152(8) |
| ill-health condition | paragraph 1 of Schedule 28 |
| the individual (in sections 215 to 219) | section 214(5) |
| the Inland Revenue | section 279(1) |
| insurance company | section 275 |
| [F6investment-regulated pension scheme (for the purposes of the taxable property provisions) | paragraphs 1 to 3 of Schedule 29A] |
| investments (in relation to a pension scheme) | section186(3) and (4) |
| liability (in Chapter 3) | section 163 |
| lifetime allowance (in relation to a person) | section 218 |
| lifetime allowance charge | section 214(1) |
| lifetime allowance enhancement factors | section 218(5) |
| lifetime allowance excess lump sum | paragraph 11 of Schedule 29 |
| lifetime annuity | paragraph 3 of Schedule 28 |
| loan (in Chapter 3) | section 162 |
| lump sum death benefit | section 168(2) |
| market value | section 278 |
| member (of a pension scheme) | section 151(1) |
| member’s alternatively secured pension fund | paragraph 11 of Schedule 28 |
| member’s unsecured pension fund | paragraph 8 of Schedule 28 |
| money purchase arrangement | section 152(2) |
| money purchase benefits | section 152(4) |
| [F14net income | section 23 of ITA 2007 (as applied by section 989 of that Act),] |
| net pay pension scheme | section 191(9) |
| normal minimum pension age | section 279(1) |
| occupational pension scheme | section 150(5) |
| overseas arrangement active membership period (in sections 224 to 226) | section 224(7) and (8) |
| overseas pension scheme | section 150(7) |
| payment (in Chapter 3) | section 161 |
| payments (made by pension scheme) | section 279(2) |
| pension | section 165(2) |
| pension commencement lump sum | paragraph 1of Schedule 29 |
| pension credit and pension debit | section 279(1) |
| [F15pension death benefit | section 167(2)] |
| pension input amount | section 229 |
| pension input period | section 238 |
| pension protection lump sum death benefit | paragraph 14 of Schedule 29 |
| pension scheme | section 150(1) |
| the pension scheme (in sections 215 to 219) | section 214(5) |
| pension sharing order or provision | section 279(1) |
| pensioner member (of a pension scheme) | section 151(3) |
| period of account | [F16section 989 of ITA 2007] |
| personal representatives | [F17section 989 of ITA 2007] |
| property investment LLP | [F18section 1004 of ITA 2007] |
| public service pension scheme | section 150(3) |
| qualifying recognised overseas pension scheme | section 169(2) |
| recognised overseas pension scheme | section 150(8) |
| recognised overseas scheme arrangement (insections 224 to 226) | section 224(2) and (3) |
| registered pension scheme | section 150(2) |
| [F19related dependants' annuity | paragraph 3(4A) of Schedule 29] |
| [F20related dependants' scheme pension | paragraph 3(7C) of Schedule 29] |
| relevant overseas individual | section 221(3) |
| relevant UK earnings | section 189(2) |
| relevant UK individual | section 189 |
| relevant valuation factor | section 276 |
| relievable pension contributions | section 188(2) and (3) |
| [F6residential property (for the purposes of the taxable property provisions) | paragraphs 7(1), 8 and 9 of Schedule 29A] |
| retail prices index | [F21section 989 of ITA 2007] |
| scheme administrator | section 270 (but see also sections 271 to 274) |
| scheme chargeable payment | section 241 |
| [F6scheme-held taxable property | section 185B(3)] |
| scheme manager | section 169(3) |
| scheme pension | paragraph 2 of Schedule 28 |
| scheme sanction charge | section 239(1) |
| serious ill-health lump sum | paragraph 4 of Schedule 29 |
| short service refund lump sum | paragraph 5 of Schedule 29 |
| short service refund lump sum charge | section 205(1) |
| [F12short-term annuity | paragraph 6 of Schedule 28] |
| special lump sum death benefits charge | section 206(1) |
| sponsoring employer | section 150(6) |
| standard lifetime allowance | section 218(2) and (3) |
| sums and assets held for the purposes of an arrangement | section 279(3) |
| [F6sums and assets held for the purposes of an arrangement (for the purposes of the taxable property provisions) | paragraph 5 of Schedule 29A] |
| [F6taxable property (for the purposes of the taxable property provisions) | paragraphs 6, 10 and 11 of Schedule 29A] |
| [F6the taxable property provisions | paragraph 1(3) of Schedule 29A] |
| tax year | [F22section 4(2) of ITA 2007 (as applied by section 989 of that Act)] |
| the tax year 2006-07 etc. | [F23section 4(4) of ITA 2007 (as applied by section 989 of that Act)] |
| total income | [F24section 23 of ITA 2007 (as applied by section 989 of that Act)] |
| total pension input amount | section 229 |
| transfer lump sum death benefit | paragraph 19 of Schedule 29 |
| trivial commutation lump sum | paragraph 7 of Schedule 29 |
| unauthorised employer payment | section 160(4) |
| unauthorised member payment | section 160(2) |
| unauthorised payment | section 160(5) |
| unauthorised payments charge | section 208(1) |
| unauthorised payments surcharge | section 209(1) |
| uncrystallised funds lump sum death benefit | paragraph 15 of Schedule 29 |
| unsecured pension fund lump sum death benefit | paragraph17of Schedule 29 |
| valuation assumptions (in relation to a person) | section 277 |
| [F6vehicle (in the taxable property provisions) | paragraph 20(2) of Schedule 29A] |
| winding-up lump sum | paragraph 10 of Schedule 29 |
| winding-up lump sum death benefit | paragraph 21 of Schedule 29 |
Textual Amendments
F1Word in s. 280(1) repealed (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 652, Sch. 3 (with Sch. 2)
F2Word in s. 280(1) repealed (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(2), Sch. 3 Pt. 1 (with Sch. 2)
F3Words in s. 280(1) inserted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 652 (with Sch. 2)
F4Words in s. 280(1) inserted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(2) (with Sch. 2)
F5Words in s. 280(2) inserted (6.4.2006) by Finance Act 2005 (c. 7), Sch. 10 paras. 10, 64(1)
F6Words in s. 280(2) inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 12
F7Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(a) (with Sch. 2)
F8Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(b) (with Sch. 2)
F9Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(c) (with Sch. 2)
F10Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(d) (with Sch. 2)
F11Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(e) (with Sch. 2)
F12Words in s. 280(2) inserted (6.4.2006) by Finance Act 2005 (c. 7), Sch. 10 paras. 17, 64(1)
F13Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(f) (with Sch. 2)
F14Words in s. 280(2) inserted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(g) (with Sch. 2)
F15Words in s. 280(2) inserted (retrospective to 6.4.2006) by Finance Act 2007 (c. 11), Sch. 20 paras. 22(2), 24(3)
F16Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(h) (with Sch. 2)
F17Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(i) (with Sch. 2)
F18Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(j) (with Sch. 2)
F19Words in s. 280(2) inserted (6.4.2006) by Finance Act 2005 (c. 7), Sch. 10 paras. 33, 64(1)
F20Words in s. 280(2) inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 161(2), Sch. 23 para. 26
F21Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(k) (with Sch. 2)
F22Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(l) (with Sch. 2)
F23Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(m) (with Sch. 2)
F24Words in s. 280(2) substituted (with effect in accordance with s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 481(3)(n) (with Sch. 2)
Modifications etc. (not altering text)
C1Pt. 4 modified (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 12
C2Pt. 4 modified (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 13(5)
C3Pt. 4 modified (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 9, 10
C4Pt. 4 modified (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 26
Options/Help
Print Options
PrintThe Whole Act
PrintThe Whole Part
PrintThe Whole Chapter
PrintThe Whole Cross Heading
PrintThis Section only
You have chosen to open The Whole Act
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open The Whole Act as a PDF
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
You have chosen to open The Whole Act without Schedules
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open The Whole Act without Schedules as a PDF
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
You have chosen to open y Ddeddf Gyfan
Y Ddeddf Gyfan you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open y Ddeddf Gyfan heb Atodlenni
Y Ddeddf Gyfan heb Atodlenni you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open Schedules only
Y Rhestrau you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Mae deddfwriaeth ar gael mewn fersiynau gwahanol:
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Pwynt Penodol mewn Amser: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Gweler y wybodaeth ychwanegol ochr yn ochr â’r cynnwys
Rhychwant ddaearyddol: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Dangos Llinell Amser Newidiadau: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Dewisiadau Agor
Dewisiadau gwahanol i agor deddfwriaeth er mwyn gweld rhagor o gynnwys ar y sgrin ar yr un pryd
Rhagor o Adnoddau
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
- y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
- rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
- manylion rhoi grym a newid cyffredinol
- pob fformat o’r holl ddogfennau cysylltiedig
- slipiau cywiro
- dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Rhagor o Adnoddau
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
- y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
- slipiau cywiro
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys
- rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
- manylion rhoi grym a newid cyffredinol
- pob fformat o’r holl ddogfennau cysylltiedig
- dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Mae’r holl gynnwys ar gael dan Drwydded Llywodraeth Agored v3.0 ac eithrio ble nodir yn wahanol. Yn ychwanegol mae’r safle hwn â chynnwys sy’n deillio o EUR-Lex, a ailddefnyddiwyd dan delerau Penderfyniad y Comisiwn 2011/833/EU ar ailddefnyddio dogfennau o sefydliadau’r UE. Am ragor o wybodaeth gweler ddatganiad cyhoeddus Swyddfa Gyhoeddiadau’r UE ar ailddefnyddio.