The International Organisations (Tax Exemptions Designation) Order 2023
This Order provides for the limited exemptions from income tax, capital gains tax, inheritance tax, stamp duty and stamp duty reserve tax contained in section 126 of the Finance Act 1984, section 265 of the Taxation of Chargeable Gains Act 1992 and section 774 of the Income Tax (Trading and Other Income) Act 2005 to be given in respect of securities issued by the Caribbean Development Bank, Asian Infrastructure Investment Bank, and Inter-American Investment Corporation, international organisations of which the United Kingdom is a member. These exemptions are conferred in accordance with international law obligations under:Article 55(6) of the Agreement establishing the Caribbean Development Bank (Cmnd 4358), done at Kingston, Jamaica on 18th October 1969 and which entered into force for the United Kingdom on 26th January 1970,Article 51(3) of the Agreement establishing the Asian Infrastructure Investment Bank (Cm 9198), done at Beijing on 29th June 2015 and which entered into force for the United Kingdom on 25th December 2015, andsection 9(c) of Article VII of the Agreement establishing the Inter-American Investment Corporation (Cm 9659), done at Washington DC on 19th November 1984 and which entered into force for the United Kingdom on 1st March 2023.