Statute
Section 492 — Income Tax (Earnings and Pensions) Act 2003: No charge on partnership share money deducted from salary
Text of the provision Official document
No charge on partnership share money deducted from salary 492 1 An employee is not liable to income tax under Part 2 on any amount of the employee’s salary which is deducted as partnership share money under a partnership share agreement. 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Official source: legislation.gov.uk
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