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Income Tax Act 2007

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Changes over time for: Cross Heading: Finance (No. 2) Act 2005 (c. 22)

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Point in time view as at 01/04/2008.

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There are currently no known outstanding effects for the Income Tax Act 2007, Cross Heading: Finance (No. 2) Act 2005 (c. 22). Help about Changes to Legislation

Finance (No. 2) Act 2005 (c. 22)U.K.

603U.K.The Finance (No. 2) Act 2005 is amended as follows.

604(1)Amend section 7 (charge to income tax on social security pension lump sum) as follows.U.K.

(2)In subsection (5) for “total income” in each place substitute “ Step 3 income ”.

(3)At the end insert—

(9)For the purposes of this section P's “Step 3 income” means P's net income less allowances deducted at Step 3 of the calculation in section 23 of ITA 2007 (calculation of income tax liability).

605U.K.In section 18(3)(b)(i) (authorised investment funds etc: section 17(3): specific powers) for “506(1) of ICTA” substitute “ 989 of ITA 2007 ”.

606U.K.In section 71 (interpretation) after the definition of “ICTA” insert—

ITA 2007” means the Income Tax Act 2007;.

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