Part 1Overview

1Overview of Act

1

This Act imposes charges to income tax under—

a

Part 2 (trading income),

b

Part 3 (property income),

c

Part 4 (savings and investment income), and

d

Part 5 (certain miscellaneous income).

2

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

Exemptions from those charges are dealt with in Part 6 (exempt income) but any Part 6 exemptions which are most obviously relevant to particular types of income are also mentioned in the provisions about those types of income.

4

What is or is not mentioned in those provisions does not limit the effect of Part 6.

5

This Act also contains—

F3za

provision about a trading allowance and property allowance (see Part 6A),

a

provision about rent-a-room relief and F2qualifying care relief (see Part 7),

b

special rules for foreign income (see Part 8),

c

special rules for partnerships (see Part 9), and

d

certain calculation rules and general provisions (see Part 10).

6

For abbreviations and defined expressions used in this Act, see section 885 and Schedule 4.