Income Tax Act 2007 (c. 3)

Part 13 U.K. Tax avoidance

Chapter 5 U.K. Avoidance involving trading losses

Individuals claiming relief for film-related trading losses U.K.

796 Charge to tax on income treated as received under section 797 U.K.

(1) Income tax is charged on income treated as received by an individual under section 797.

(2) Tax is charged under this section on the amount of the income treated as received in the tax year.

(3) The person liable for any tax charged under this section is the individual treated as receiving the income.