Part 8Other reliefs
Chapter 2Gift aid
Supplementary
427Meaning of “charged amount”
1
For the purposes of this Chapter, an individual's charged amount is the amount calculated as follows.
2
Calculate the amount of the individual's modified net income for year X (see section 1025).
3
Calculate the amount on which the individual is chargeable to capital gains tax for year X.
4
Add together the amounts calculated under subsections (2) and (3).
The result is the individual's charged amount for year X.