Section 554Z13 — Income Tax (Earnings and Pensions) Act 2003: Subsequent income tax liability

Subsequent income tax liability 554Z13 1 This section applies if—

a after the relevant step is taken, another event (“the later event”) occurs, b other than by virtue of—

i this Chapter, ii Chapters 2 to 5 of Part 7, or iii Part 9, the later event would (apart from this section) give rise to a liability for income tax of A or any other person on an amount (“ the later amount ”),

and c it is just and reasonable for this section to apply in order to avoid a double charge to income tax in respect of the sum of money or asset which is the subject of the relevant step.

2 So far as it is just and reasonable in order to avoid a double charge to income tax as mentioned in subsection (1)(c), there is to be no liability to income tax on the later amount by virtue of the later event.