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N9. Recipient of annuity

Credit for tax deducted at source

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- Recipient receives credit for basic rate tax deducted at source

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- Recipient of a sum that has had tax deducted at source is entitled to credit for that tax (ITA 2007 s.848).

- This tax is reclaimable.

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Legislation: 

Cases: 

HMRC manuals: 

Commentary: 

See also:

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 © 2023 by Michael Firth, Gray's Inn Tax Chambers

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