Part 5Miscellaneous income
Chapter 7Annual payments not otherwise charged
684Income charged
1
Tax is charged under this Chapter on the full amount of the annual payments arising in the tax year.
2
Subsection (1) is subject to Part 8 (foreign income: special rules).
3
The amount charged under this Chapter in the case of certain payments made by trustees in the exercise of a discretion is subject to F1section 494 of ITA 2007(grossing up of discretionary payments from trusts).