This section applies for the purposes of calculating total income.

Income from which a deduction in respect of income tax is to be made (or treated as made) at the basic F1rate F2, the Welsh basic rate F3or the Scottish basic rate F4... in force for a tax year is treated as income of that tax year.

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F6Subsection (2) applies even if all or part of the income, or the dividend or other distribution, accrued or will accrue in a different tax year.

An assessment that has become final and conclusive for income tax purposes for a tax year is also final and conclusive for the purposes of calculating total income.