http://www.legislation.gov.uk/ukpga/2007/3/section/804
Income Tax Act 2007
An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.
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Statute Law Database
2024-06-20
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2024-05-27
Income Tax Act 2007
s. 788(7)
Legal Services Act 2007
Sch. 21
para. 161(b)
s. 29
192
193
s. 211(2)
art. 2(h)
Part 13Tax avoidance
Chapter 5Avoidance involving trading losses
Individuals in partnership claiming relief for licence-related trading losses
804Charge to tax on income treated as received under section 805
1
Income tax is charged on income treated as received by an individual under section 805.
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.