(1) Any pension (other than a pension paid by the Government of
Grenada for services rendered to it in the discharge of
governmental functions) and any annuity, derived from sources
within Grenada by an individual who is a resident of the United
Kingdom and subject to United Kingdom tax in respect thereof, shall
be exempt from Grenada tax.
(2) Any pension (other than a pension paid by the Government
of the United Kingdom for services rendered to it in the discharge
of governmental functions) and any annuity, derived from sources
within the United Kingdom by an individual who is a resident of
Grenada and subject to Grenada tax in respect thereof, shall be
exempt from United Kingdom tax.
(3) The term `annuity` means a stated sum payable
periodically at stated times, during life or during a specified or
ascertainable period of time, under an obligation to make the
payments in consideration of money paid.
