Income and Corporation Taxes Act 1988 (c. 1)

PART IV U.K. PROVISIONS RELATING TO THE SCHEDULE D CHARGE

CHAPTER II U.K. INCOME TAX: BASIS OF ASSESSMENT ETC.

Cases III, IV and V U.K.

64 Case III assessments: general. U.K.

M1 Subject to sections 66 and 67, income tax under Case III of Schedule D shall be computed on the full amount of the income arising within the year preceding the year of assessment, and shall be paid on the actual amount of that income, without any deduction.

Modifications etc. (not altering text)

C1 See 1990 s.56and Sch.10 para.12(4)—tax on income in respect of chargeable securities on income of year of assessment.

C2 See 1989(F) s.94and Sch. 11 para.5—deep gain securities.

Marginal Citations

M1 SOURCE-1970 s. 119