Explanatory Notes

Income Tax (Trading and Other Income) Act 2005

2005 CHAPTER 5

24 March 2005

Commentary on Sections

Part 3: Property income

Chapter 8: Rent receivable in connection with a UK section 12(4) concern
Section 337: Income charged

1383.This section sets out the amount charged to tax. It is based on section 69 of ICTA.

1384.Subsection (2) is a signpost to the deductions and reliefs that are available against this income.