Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 635: Taxable pension income: foreign voluntary annual payments
2510.This section deals with the basis of assessment if the annual payment is paid by or on behalf of a person who is outside the United Kingdom. It identifies the amount of taxable pension income, which feeds into the computation of net taxable pension income in section 567.
2511.It invokes sections 65, 68, 584 and 585 of ICTA. It is new.
2512.In ICTA the basis of assessment for a foreign pension is given by the rules of Schedule D Case V. The pension income Part does not repeat those rules but cross-refers the reader to them.