Chapter 10General
783General disregard of exempt income for income tax purposes
(1)Amounts of income which are exempt from income tax as a result of this Part (whether because the type of income concerned is exempt from every charge to income tax or because it is exempt from every charge that is relevant to those particular amounts) are accordingly to be ignored for all other income tax purposes.
(2)An exception to this is that interest on deposits in ordinary accounts with the National Savings Bank which is exempt under this Part from every charge to income tax is not to be ignored for the purpose of providing information.
(3)This express exception to subsection (1) is without prejudice to the existence of any other implied or express exception to that subsection (whether in connection with the provision of information or otherwise).