osfa75/s4.- OECD Support Fund Act 1975 Section 4 Tax exemption.

4. - (1) A person not resident in the United Kingdom shall not be liable to income tax in respect of income from any security issued by the support fund established by the Agreement if he would not be liable but for the fact that -

(a) the security or income is issued, made payable or paid in the United Kingdom; or

(b) the support fund maintains an office or other place of business in the United Kingdom;

and such a security shall be taken for the purpose of [inheritance tax ¹ ] and capital gains tax to be situated outside the United Kingdom.

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1 See 1986 s.100(1) and (2) - for any liability to tax arising on and after 25 July 1986 any reference in the legislation to capital transfer tax has effect as a reference to inheritance tax.