SE13010 - Termination payments and benefits: Section 148 ICTA 1988: scope of the charge

Section 148 ICTA 1988(1) & (5) and Paragraph 2 Schedule 11 ICTA 1988

For a payment or other benefit to be chargeable under Section 148 ICTA 1988 it must be received (as defined in SE13110) “in connection with” (as defined in SE13012):

• the termination of an office or employment or
• a change in the functions or emoluments of an office or employment (see SE00680) or
• a commutation (see example SE13930) and
• not be chargeable under any other Section (see SE12810)

The Section includes payments and benefits made in many circumstances: see SE13020 for details.

See SE13030 for details of benefits chargeable under Section 148 ICTA 1988.

The most common Section 148 ICTA 1988 payments and benefits are set out in the table at SE13005.