Search Legislation

Advanced Search

Income Tax (Trading and Other Income) Act 2005

Section 690: Overview of Part 6

2649.This section lists the Chapters in this Part. These provide for exemption from income tax for:

  • National savings income (Chapter 2);

  • Income from individual investment plans (Chapter 3);

  • SAYE interest (Chapter 4);

  • Venture capital trust dividends (Chapter 5);

  • Income from FOTRA securities (Chapter 6);

  • Purchased life annuity payments (Chapter 7);

  • Other annual payments (Chapter 8); and

  • Other income (Chapter 9).

2650.Subsection (3) explains the purpose of Chapter 10 (general). This Chapter provides that any exemption in this Part, unless there is specific provision to the contrary, is disregarded for all income tax purposes.

2651.Subsection (4) indicates that there are exemptions in other Acts relating to particular categories of person which could be relevant to the charges in this Act. For example see section 505 of ICTA which provides a general exemption for charities.

2652.Subsection (5) explains that the exemptions in this Act may apply, where relevant, to charges outside this Act.

Back to top

Options/Help

Print Options

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources