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Link to original content: http://www.legislation.gov.uk/ukpga/2005/5/section/776/2
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(1)No liability to income tax arises in respect of income from a scholarship held by an individual in full-time education at a university, college, school or other educational establishment.
(2)This exemption is subject to section 215 of ITEPA 2003 (under which only the scholarship holder is entitled to the exemption if the scholarship is provided by reason of another person's employment).
[F1(2A)No liability to income tax arises in respect of income from a payment made under section 23C(5A) of the Children Act 1989 (duty to make payments to former relevant children who pursue higher education)] [F2or under sections 110(6) or 112(2) of the Social Services and Well-being (Wales) Act 2014 (duty to make payments to certain young people who pursue higher education)].
(3)In this section “scholarship” includes a bursary, exhibition or other similar educational endowment.
Textual Amendments
F1S. 776(2A) inserted (E.W.) (22.8.2009 for E., 18.3.2011 for W.) by Children and Young Persons Act 2008 (c. 23), ss. 21(4), 44(4); S.I. 2009/2273, art. 2(1); S.I. 2011/824, art. 2(a)
F2Words in s. 776(2A) inserted (E.W.) (6.4.2016) by The Social Services and Well-being (Wales) Act 2014 (Consequential Amendments) Regulations 2016 (S.I. 2016/413), regs. 2(1), 224
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