http://www.legislation.gov.uk/ukpga/2005/5/section/687Income Tax (Trading and Other Income) Act 2005An Act to restate, with minor changes, certain enactments relating to income tax on trading income, property income, savings and investment income and certain other income; and for connected purposes.texttext/xmlenStatute Law Database2026-07-30Expert Participation2026-07-15 Part 5Miscellaneous incomeChapter 8Income not otherwise chargedCharge to tax on income not otherwise charged6871Income tax is charged under this Chapter on income from any source that is not charged to income tax under or as a result of any other provision of this Act or any other Act.2Subsection (1) does not apply to annual payments or to income falling within Chapter 2A of Part 4.3Subsection (1) does not apply to income that would be charged to income tax under or as a result of another provision but for an exemption.4The definition of “income” in section 878(1) does not apply for the purposes of this section.5For exemptions from the charge under this Chapter, see in particular—section 768 (commercial occupation of woodlands), andsection 779 (gains on commodity and financial futures).Pt. 5 Ch. 8 applied in part (1.12.2009) (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 97(2)Words in s. 687(2) inserted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by Finance Act 2013 (c. 29), Sch. 12 para. 13(3)Pt. 5 Ch. 8 applied in part (1.12.2009) (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 96(3)(b)