Part 8Foreign income: special rules
Chapter 1Introduction
830Meaning of “relevant foreign income”
(1)
In this Act “relevant foreign income” means income which arises from a source outside the United Kingdom and is chargeable under any of the provisions specified in subsection (2).
(2)
The provisions are—
(a)
Chapter 2 of Part 2 (trade profits),
(b)
Chapter 17 of Part 2 (adjustment income),
(c)
Chapter 3 of Part 3 (profits of property business),
(d)
Chapter 11 of Part 3 (overseas property income),
(e)
Chapter 2 of Part 4 (interest),
(f)
Chapter 4 of Part 4 (dividends from non-UK resident companies),
(g)
Chapter 7 of Part 4 (purchased life annuity payments),
(h)
Chapter 8 of Part 4 (profits from deeply discounted securities),
(i)
Chapter 13 of Part 4 (sales of foreign dividend coupons),
(j)
section 579 (royalties and other income from intellectual property),
(k)
Chapter 3 of Part 5 (films and sound recordings: non-trading businesses),
(l)
Chapter 4 of Part 5 (certain telecommunication rights: non-trading income),
(m)
section 649 (estate income),
(n)
Chapter 7 of Part 5 (annual payments not otherwise charged), and
(o)
Chapter 8 of Part 5 (income not otherwise charged).
(3)
But “relevant foreign income” does not include income chargeable as a result of section 844 (unremittable income: income charged on withdrawal of relief after source ceases).
(4)
For the treatment of other income as relevant foreign income, see—
(a)
section 857(3) (a partner’s share of a firm’s trading income),
(b)
paragraph 6(3) of Schedule 3 to the Commonwealth Development Corporation Act 1999 (c. 20) (distributions by the Commonwealth Development Corporation),
(c)
section 575(3) of ITEPA 2003 (taxable pension income: foreign pensions),
(d)
section 613(4) of that Act (taxable pension income: foreign annuities),
(e)
section 631(3) of that Act (pre-1973 pensions paid under the Overseas Pensions Act 1973 (c. 21)),
(f)
section 635(4) of that Act (taxable pension income: foreign voluntary annual payments), and
(g)
section 679(2) of that Act (taxable social security income: foreign benefits).