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HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
Updated
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DT: Grenada: double taxation agreement, Article 10: Pensions and purchased annuities

(1) Any pension (other than a pension paid by the Government of Grenada for servicesrendered to it in the discharge of governmental functions) and any annuity, derived fromsources within Grenada by an individual who is a resident of the United Kingdom andsubject 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 forservices 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 ofGrenada and subject to Grenada tax in respect thereof, shall be exempt from United Kingdomtax.

(3) The term `annuity` means a stated sum payable periodically at stated times, duringlife or during a specified or ascertainable period of time, under an obligation to makethe payments in consideration of money paid.