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Income Tax (Trading and Other Income) Act 2005
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- UK Public General Acts
- 2005 c. 5
- SCHEDULE 1
- Part 1
- Paragraph 265
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265In section 646(2) (meaning of “relevant net earnings”)—
(a)in paragraph (a) for “section 74(m), (p) or (q)” substitute “section 51 of ITTOIA 2005”,
(b)after that paragraph insert—
“(aa)deductions in respect of any annuity or other annual payment (other than interest) payable out of his profits;”, and
(c)in paragraph (bb) for “section 332(3) of this Act” substitute “section 159 of ITTOIA 2005”.
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