Income Tax (Trading and Other Income) Act 2005 Explanatory Notes

Overview

2843.This Chapter provides for exemption from income tax in respect of miscellaneous income. The income exempted under this Chapter is categorised as follows:

  • interest only income;

  • interest and royalty payments;

  • income from occupation of commercial woodlands;

  • housing grants;

  • approved share incentive plan distributions;

  • foreign income of consular officers and employees;

  • income of non-UK residents of certain securities; and

  • other income.

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