Income Tax (Long-term Care Benefit) (Guernsey) Law, 2003

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PROJET DE LOI

ENTITLED

The Income Tax (Long-term Care Benefit) (Guernsey) Law, 2003

THE STATES, in pursuance of their Resolution of the 26^th day of March, 2003[a], have approved the following provisions which, subject to the Sanction of Her Most Excellent Majesty in Council, shall have force of law in the islands of Guernsey and Herm.

Exemption from income tax of long-term care benefit.

1. In section 40 of the Income Tax (Guernsey) Law, 1975, as amended[b], after paragraph (ee)[c] insert the following paragraph -

"(ff) any sum payable to an individual under the provisions of the Long-term Care Insurance (Guernsey) Law, 2002 in respect of benefit within the meaning of that Law (provided that only the individual in respect of whom the entitlement to benefit arises shall be exempt from tax thereon).".

Citation.

2. This Law may be cited as the Income Tax (Long-term Care Benefit) (Guernsey) Law, 2003.

Commencement.

3. This Law shall have effect, by virtue of the States' resolution of the 26^th March, 2003[d], under and subject to the provisions of the Taxes and Duties (Provisional Effect) (Guernsey) Law, 1992[e], on and after the 7^th April, 2003.

[a]	Article I of Billet d'État No. IV of 2003.
[b]	Ordres en Conseil Vol. XXV, p. 124; Vol. XXVI, pp. 146, 200 and 292; Vol. XXVII, pp. 84, 118, 200, 333 and 565; Vol. XXVIII, pp. 184, 278, 353 and 409; Vol. XXIX, p. 214; Vol. XXXI, pp. 406 and 473; Vol. XXXII, p. 307; No. IV of 1991; No. VI of 1992; Nos. IV and VIII of 1993; No. XXV of 1994; Nos. III and VII of 1995; No. V of 1996; Nos. IV and XXII of 1997; No. II of 1999; No. IV of 2000; Nos. VI and XVII of 2001; No. VII of 2002; and (from the 1^st March, 2003) by the Income Tax (Tax Relief on Maintenance Payments) (Guernsey) Law, 2002.
[c]	Paragraph (ee) of section 40 was inserted by No. IV of 1991.
[d]	Article I of Billet d'État No. IV of 2003.
[e]	Order in Council No. XI of 1992.