The International Organisations (Tax Exemptions Designation) Order 2023
This Order provides for the limited exemptions from income tax, capital gains tax, inheritance tax, stamp duty and stamp duty reserve tax contained in section 126 of the Finance Act 1984, section 265 of the Taxation of Chargeable Gains Act 1992 and section 774 of the Income Tax (Trading and Other Income) Act 2005 to be given in respect of securities issued by the Caribbean Development Bank, Asian Infrastructure Investment Bank, and Inter-American Investment Corporation, international organisations of which the United Kingdom is a member. These exemptions are conferred in accordance with international law obligations under:
Lifecycle
Department
Made
21 Mar 2023
—
Comes into force
TBC
Enabling power
The Treasury, in exercise of the powers conferred by section 126(1) of the Finance Act 1984, section 265(1) of the Taxation of Chargeable Gains Act 1992, section 73A(1) of the Finance Act 2004, section 774(5) of the Income Tax (Trading and Other Income) Act 2005and section 979(1) of the Income Tax Act 2007, make the following Order:
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