- Latest available (Revised)
- Original (As enacted)
Income Tax (Trading and Other Income) Act 2005
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland, Northern Ireland)
- Show Timeline of Changes
Opening Options
Changes to legislation:
There are outstanding changes not yet made by the legislation.gov.uk editorial team to Income Tax (Trading and Other Income) Act 2005. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to the whole Act, associated Parts and Chapters:
Changes and effects
This section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.
- Act amendment to earlier affecting provision SI 2006/964 reg. 96 by S.I. 2009/2036 reg. 31
- Act amendment to earlier affecting provision SI 2007/1050 reg. 3-12 by 2009 c. 4 Sch. 2 para. 131
- Act applied by 2010 c. 8 Sch. 9 para. 41(3)
- Act applied by 2007 c. 3 s. 681BD(3) (as inserted) by 2010 c. 8 Sch. 4 para. 3
- Act modified by 2007 c. 3 s. 564M(1) (as inserted) by 2010 c. 8 Sch. 2 para. 14(1)
- Blanket amendment words substituted by S.I. 2011/1043 art. 3 4
- Blanket amendment words substituted by S.I. 2011/1043 art. 3 6
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Ch. 16ZA inserted by S.I. 2012/266 art. 6
- s. 50A 50B inserted by 2009 c. 10 Sch. 11 para. 39
- s. 50B modified by 1988 c. 1 s. 578A(5) (as inserted) by 2009 c. 10 Sch. 11 para. 62(7)
- s. 55A and cross-heading inserted by 2008 c. 9 s. 73(4)
- s. 55B inserted by 2010 c. 13 Sch. 5 para. 2(1)
- s. 57A inserted by S.I. 2009/730 art. 3
- s. 79A inserted by 2009 c. 4 Sch. 1 para. 598
- s. 94A inserted by 2010 c. 8 Sch. 7 para. 28
- s. 148DA 148DB inserted by 2010 c. 4 Sch. 1 para. 448
- s. 148EA 148EB inserted by 2010 c. 4 Sch. 1 para. 450
- s. 148FA and cross-heading inserted by 2008 c. 9 Sch. 20 para. 10(2)
- s. 148FB inserted by 2008 c. 9 Sch. 20 para. 10(3)
- s. 148FC inserted by 2008 c. 9 Sch. 20 para. 10(4)
- s. 148FD inserted by 2009 c. 10 Sch. 33 para. 2
- s. 154A inserted by 2010 c. 8 Sch. 7 para. 43
- s. 172F(1)(a) words substituted by 2010 c. 8 Sch. 8 para. 121(2)
- s. 172F(1)(b) words substituted by 2010 c. 8 Sch. 8 para. 121(3)
- s. 172F(2) words substituted by 2010 c. 8 Sch. 8 para. 121(4)
- s. 172F(2)(a)(aa)(b) substituted for s. 172F(2)(a)(b) by 2010 c. 8 Sch. 8 para. 121(5)
- s. 172F(2A)(2B) inserted by 2010 c. 8 Sch. 8 para. 121(6)
- s. 172ZA-172ZE inserted by S.I. 2012/266 art. 4(4)
- s. 225K(3)(b) modified by 2010 c. 8 Sch. 9 para. 35(a)
- s. 225L(3) modified by 2010 c. 8 Sch. 9 para. 35(b)
- s. 225L(7) modified by 2010 c. 8 Sch. 9 para. 35(b)
- s. 225T(5) modified by 2010 c. 8 Sch. 9 para. 36
- s. 281A inserted by 2010 c. 8 Sch. 8 para. 270
- s. 302A-302C inserted by 2010 c. 8 Sch. 7 para. 22
- s. 302B(3)(4) omitted by 2011 c. 11 Sch. 23 para. 57(2)
- s. 308A-308C and cross-headings inserted by S.I. 2011/1037 art. 11(2)
- s. 326A inserted by 2011 c. 11 Sch. 14 para. 2(5)
- s. 328A 328B inserted by 2011 c. 11 Sch. 14 para. 2(8)
- s. 378A applied by S.I. 2009/3001 reg. 96(3)(a)
- s. 378A inserted by 2009 c. 10 s. 39(3)
- s. 378A(7) text amended by S.I. 2009/3001 reg. 128(2)
- s. 378A(7) words substituted by 2010 c. 8 Sch. 8 para. 168
- s. 380A inserted by 2009 c. 10 s. 33(3)
- s. 397A applied by S.I. 2009/3001 reg. 95(4)
- s. 397A-397C inserted by 2008 c. 9 Sch. 12 para. 4
- s. 397A(1) substituted for s. 397A(1)(2) by 2009 c. 10 Sch. 19 para. 2(2)
- s. 397A(3) word sustituted by 2009 c. 10 Sch. 19 para. 2(3)
- s. 397A(7) words omitted by 2009 c. 10 Sch. 19 para. 2(4)
- s. 397A(7) words substituted by 2010 c. 8 Sch. 8 para. 66
- s. 397B(2) words omitted by 2009 c. 10 Sch. 19 para. 4(2)
- s. 397B(3) words inserted by 2009 c. 10 Sch. 19 para. 4(3)
- s. 397B(3A) inserted by 2009 c. 10 Sch. 19 para. 4(4)
- s. 397B(4) word sustituted by 2009 c. 10 Sch. 19 para. 4(5)
- s. 397C(1) word sustituted by 2009 c. 10 Sch. 19 para. 6(2)(a)
- s. 397C(1) words omitted by 2009 c. 10 Sch. 19 para. 6(2)(b)
- s. 397C(1A) inserted by 2009 c. 10 Sch. 19 para. 6(3)
- s. 397C(8) inserted by 2009 c. 10 Sch. 19 para. 6(4)
- s. 397AA inserted by 2009 c. 10 Sch. 19 para. 3
- s. 397AA modified by S.I. 2009/3333 reg. 2
- s. 397BA inserted by 2009 c. 10 Sch. 19 para. 5
- s. 397BA(2)(a) substituted by 2010 c. 8 Sch. 8 para. 67
- s. 401A inserted by 2010 c. 4 Sch. 1 para. 456
- s. 401B inserted by 2010 c. 4 Sch. 1 para. 457
- s. 410A inserted by 2010 c. 4 Sch. 1 para. 459
- s. 414A inserted by 2010 c. 4 Sch. 1 para. 461
- s. 414A(2)-(4) applied by 1992 c. 12 s. 142A(4) (as inserted) by 2010 c. 33 Sch. 4 para. 1
- s. 421A inserted by 2010 c. 4 Sch. 1 para. 465
- s. 473A inserted by 2012 c. 14 s. 11(1)
- s. 682A inserted by 2010 c. 8 Sch. 7 para. 47
- s. 695A inserted by 2011 c. 11 s. 40(3)
- s. 749A inserted by 2009 c. 4 Sch. 1 para. 635
- s. 753A inserted by 2011 c. 11 s. 69(3)
- s. 804A inserted by 2010 c. 33 Sch. 1 para. 4
- s. 805A inserted by 2010 c. 33 Sch. 1 para. 6
- s. 806A 806B inserted by 2010 c. 33 Sch. 1 para. 7
- s. 825-825D substituted for s. 825 by 2010 c. 33 s. 3(3)
- s. 832-832B substituted for s. 832 by 2008 c. 9 Sch. 7 para. 53
- s. 832A(6) text amended by S.I. 2010/2901 art. 3
- s. 840A inserted by 2008 c. 9 Sch. 7 para. 69
- s. 840A(1) words substituted by 2008 c. 9 Sch. 39 para. 53
- s. 850-850B substituted for s. 850 by 2009 c. 4 Sch. 1 para. 640
Commencement Orders yet to be applied to the Income Tax (Trading and Other Income) Act 2005:
Commencement Orders
This section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.
Commencement Orders bringing legislation that affects this Act into force:
- S.I. 2008/561 art. 2 commences (2007 c. 11)
- S.I. 2009/270 art. 2 commences (2008 c. 14)
- S.I. 2009/403 art. 2 commences (2008 c. 9)
- S.I. 2009/2273 art. 2 commences (2008 c. 23)
- S.I. 2010/2981 art. 2-4 commences (2008 c. 23)
- S.I. 2011/824 art. 2 commences (2008 c. 23)
- S.I. 2012/924 art. 2 Coming into force
- S.I. 2012/1553 art. 2(e) commences (2008 c. 23)
- S.S.I. 2009/267 art. 2 commences (2007 asp 4)
710Treatment of shares where annual acquisition limit exceededE+W+S+N.I.
This section has no associated Explanatory Notes
(1)This section sets out the rules for determining which shares whose market value is relevant for the limit in section 709(4) are treated as shares acquired within that limit (“”) where that limit is exceeded in a tax year.
(2)Shares are treated as exempt shares so far as their acquisition does not cause the limit to be exceeded at the time they are acquired.
(3)Subsection (2) is subject to subsection (4).
(4)If shares of different descriptions acquired on the same day cause the limit to be exceeded on that day, shares of each description are treated as exempt shares so far as their market value does not exceed the appropriate proportion of the available value.
(5)In subsection (4)—
“the appropriate proportion”, in relation to shares of a particular description, means the proportion which their market value bears to the market value of all the shares acquired on that day, and
“available value” means the maximum value of shares which could be acquired on that day without exceeding the limit.
Options/Help
Print Options
Print The Whole Act
Print The Whole Part
Print The Whole Chapter
Print This Section only
You have chosen to open The Whole Act
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open The Whole Act as a PDF
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
You have chosen to open The Whole Act without Schedules
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open The Whole Act without Schedules as a PDF
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
You have chosen to open the Whole Act
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open the Whole Act without Schedules
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
You have chosen to open Schedules only
The Schedules only you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
Explanatory Notes
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources