Income Tax (Trading and Other Income) Act 2005

337Income chargedU.K.
This section has no associated Explanatory Notes

(1)Tax is charged under this Chapter on the full amount of the profits arising in the tax year.

(2)This is subject to—

  • section 339 (deduction for management expenses of owner of mineral rights), F1...

  • F1...

Textual Amendments

F1S. 337 entry omitted (with effect in accordance with Sch. 39 para. 43(3) of the amending Act) by virtue of Finance Act 2012 (c. 14), Sch. 39 para. 43(2)(a)(i)