Part 13Tax avoidance
Chapter 5Avoidance involving trading losses
Individuals in partnership: recovery of excess relief
791Charge to tax on income treated as received under section 792
1
Income tax is charged on income treated as received by an individual under section 792.
2
Tax is charged under this section on the amount of the income treated as received in the tax year.
3
The person liable for any tax charged under this section is the individual treated as receiving the income.