Commentary on Sections Example 3 £150(Pe) – £50(E) = £100 Section 273: Conditions applicable to change of residence
1114.This section gives more details about the three conditions referred to in section 272(1)(a). The section derives from paragraph 5 of Schedule 11A to ICTA. The words in brackets in paragraphs 5(1)(b) and (c) of Schedule 11A have not been reproduced, as they do not add anything.
1115.Subsection (1) introduces the three subsections that give details of the conditions.
1116.Subsection (2) identifies the three possible events that can trigger the exemption.
1117.Subsection (3) is concerned with the reason for the change of residence.
1118.Subsection (4) contains a restriction on the application of the exemption if a change of residence would be unnecessary.