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Changes over time for: Section 1


Timeline of Changes
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Version Superseded: 06/04/2007
Status:
Point in time view as at 07/04/2005. This version of this provision has been superseded.

Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Section 1.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
1Overview of ActU.K.
This section has no associated Explanatory Notes
(1)This Act imposes charges to income tax under—
(a)Part 2 (trading income),
(b)Part 3 (property income),
(c)Part 4 (savings and investment income), and
(d)Part 5 (certain miscellaneous income).
(2)Those charges to tax have effect for the purposes of section 1(1) of ICTA (the general charge to income tax).
(3)Exemptions from those charges are dealt with in Part 6 (exempt income) but any Part 6 exemptions which are most obviously relevant to particular types of income are also mentioned in the provisions about those types of income.
(4)What is or is not mentioned in those provisions does not limit the effect of Part 6.
(5)This Act also contains—
(a)provision about rent-a-room relief and foster-care relief (see Part 7),
(b)special rules for foreign income (see Part 8),
(c)special rules for partnerships (see Part 9), and
(d)certain calculation rules and general provisions (see Part 10).
(6)For abbreviations and defined expressions used in this Act, see section 885 and Schedule 4.
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