Textual Amendments
F1S. 20 repealed by Finance Act 1936 (c. 34), s. 33, Sch. 3 Pt. II
(1)Any securities issued by the Treasury under any Act may be issued with the condition that—
(a)so long as the securities are in the beneficial ownership of persons who are not F3... resident in the United Kingdom, the interest thereon shall be exempt from income tax: and
(b)so long as the securities are in the beneficial ownership of persons who are neither domiciled nor F3... resident in the United Kingdom, neither the capital thereof nor the interest thereon shall be liable to any taxation present or future.
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
Textual Amendments
F3Word in s. 22(1)(a)(b) omitted (17.7.2013) by virtue of Finance Act 2013 (c. 29), Sch. 46 para. 114(1) (with Sch. 46 para. 114(2)-(6))
F4Ss. 22(2), 23 repealed (with saving) by Income Tax Act 1952 (c. 10), s. 527, Sch. 25
Modifications etc. (not altering text)
C1S. 22 amended by Finance Act 1940 (c. 29), s. 60; modified retrospectively by Finance Act 1951 (c. 43), s. 34 (s. 34 repealed in relation to deaths occurring after 13.4.1975 and, so far as regards the duties referred to in s. 52(2)(b) of the repealing Act, in relation to any death, by Finance Act 1975 (c. 7, SIF 99:3), ss. 52(2), 59, Sch. 13 Pt. I note (with a saving in s. 52(3) in relation to repayment or allowance in respect of sums paid before 13.3.1975 on account of the said duties)) and modified by Finance Act 1966 (c. 18), s. 41 and (N.I.) by Finance Act (Northern Ireland), 1967 (c. 20), s. 2 (Finance Act 1966 (c. 18), s. 41 repealed in relation to deaths occurring after 13.4.1975 and, so far as regards the duties referred to in s. 52(2)(b) of the repealing Act, in relation to any death, by Finance Act 1975 (c.7, SIF 99:3), ss. 52(2), 59, Sch. 13 Pt. I note (with a saving in s. 52(3) in relation to repayment or allowance in respect of sums paid before 13.3.1975 on account of the said duties))
S. 22 extended (31.7.1998 with effect in relation to any gilt-edged security issued before 6.4.1998 without FOTRA conditions) by 1998 c. 36, s. 161(1)
Textual Amendments
(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7
(2)This Act, so far as it relates to income tax, shall be construed as one with the Income Tax Acts.
(3)Any reference in this Act to any enactment shall be construed as a reference to that enactment as amended by any subsequent enactment including (save where the context otherwise requires) this Act.
(4)This Act may be cited as the Finance (No. 2) Act, 1931.
(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8
Textual Amendments
F7S. 25(1) repealed by Finance Act 1964 (c. 49), s. 26(7), Sch. 9
Modifications etc. (not altering text)
C2Unreliable marginal note.