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 F1rateF6, the Welsh basic rateF4or the Scottish basic rateF5... in force for a tax year is treated as income of that tax year.

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F3Subsection (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.