PART IV PROVISIONS RELATING TO THE SCHEDULE D CHARGE
CHAPTER VIII MISCELLANEOUS AND SUPPLEMENTAL
127 Enterprise allowance.
M11
This section applies to—
a
b
corresponding payments made in Northern Ireland by the Department of Economic Development.
2
Any such payment which would (apart from this section) be charged to tax under Case I or II of Schedule D shall be charged to tax under Case VI of that Schedule.
3
Nothing in subsection (2) above shall prevent such a payment—
a
being treated for the purposes of section 623(2)(c) or 833(4)(c) as immediately derived from the carrying on or exercise of a trade, profession or vocation; or
b
being treated for the purposes of paragraph 1of Schedule 19as trading incomeF2.