Part 2Basic provisions
Chapter 2Rates at which income tax is charged
Income charged at particular rates
F1F211CBIncome charged at the Welsh property basic, higher and additional rates: individuals
(1)
Income tax is charged at the Welsh property basic rate on the income of a Welsh taxpayer which—
(a)
is property income, and
(b)
would otherwise be charged at the Welsh basic rate.
(2)
Income tax is charged at the Welsh property higher rate on the income of a Welsh taxpayer which—
(a)
is property income, and
(b)
would otherwise be charged at the Welsh higher rate.
(3)
Income tax is charged at the Welsh property additional rate on the income of a Welsh taxpayer which—
(a)
is property income, and
(b)
would otherwise be charged at the Welsh additional rate.
(4)
This section is subject to any provisions of the Income Tax Acts which provide for income to be charged at different rates of income tax in some circumstances.
(5)
Sections 16 and 16A have effect for determining the extent to which the property income of a Welsh taxpayer would otherwise be charged at the Welsh basic, higher or additional rate.