Act of Parliament | |
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Long title | An Act to consolidate certain of the enactments relating to income tax and corporation tax, including certain enactments relating also to other taxes. |
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Citation | 1970 c. 10 |
Dates | |
Royal assent | 12 March 1970 |
Other legislation | |
Repealed by | Taxation of Chargeable Gains Act 1992 |
Status: Repealed | |
Text of statute as originally enacted |
The Income and Corporation Taxes Act 1970 [1] (c. 10) was an act of the Parliament of the United Kingdom which was repealed in 1992.
Under section 226 of this act, retirement annuity plans were first introduced to give self-employed people the right to contribute to a pension.
These plans were often known as section 226 plans even when the legislation was superseded.