Modifications etc. (not altering text)
C1Pt. 13 Ch. 2 applied by 1988 c. 1, s. 762ZA (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 94)
C2Pt. 13 Ch. 2 applied (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 21
(1)No amount of income may be taken into account more than once in charging income tax under this Chapter.
(2)If there is a choice about the persons in relation to whom any amount of income may be taken into account in charging income tax under this Chapter, it is to be taken into account—
(a)in relation to such one or more of them as appears to an officer of Revenue and Customs to be just and reasonable, and
(b)if more than one, in such respective proportions as appears to the officer to be just and reasonable.
(3)For the meaning of references in subsections (1) and (2) to an amount of income taken into account in charging tax, see section 744.
(4)If income treated as arising to an individual is charged to income tax under section 720 or 727 and the individual subsequently receives that income, it is treated as not being the individual's income again for income tax purposes.