Section 809X — Income Tax Act 2007: Exempt property

Exempt property 809X 1 Exempt property which is brought to, or received or used in, the United Kingdom in circumstances in which section 809L(2)(a) applies is to be treated as not remitted to the United Kingdom.

2 Subsections (3) to (5) set out the cases in which property is exempt property.

3 Property is exempt property if it meets the public access rule (see section 809Z) .

4 Clothing, footwear, jewellery and watches ... are exempt property if they meet the personal use rule (see section 809Z2).

5 Property ... is exempt property if—

a the property meets the repair rule (see section 809Z3),

b the property meets the temporary importation rule (see section 809Z4), or c the notional remitted amount (see section 809Z5) is less than £1,000.