Commentary on Sections Overview Overview Section 826: Meaning of “disregarded annual payments”
2445.This section defines the term “disregarded annual payments” which is principally used in sections 813 and 816. It is based on the corresponding parts of section 128(3)(a) of FA 1995 and section 151(2)(a) of FA 2003 other than those on which section 825 is based.