- Latest available (Revised)
- Point in Time (01/08/2002)
- Original (As made)
Version Superseded: 06/04/2006
Point in time view as at 01/08/2002. This version of this provision has been superseded.
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
There are currently no known outstanding effects for the The Tax Credits (Definition and Calculation of Income) Regulations 2002, Section 14.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
14.—(1) If an amount is treated for any purpose as the claimant’s income under any provision mentioned in paragraph (2), he is to be treated as having that amount of income.
(2) The provisions mentioned in paragraph (1) are—
(a)the following provisions of the Taxes Act—
(i)section 34 (treatment of premiums etc. as rent) M1;
(ii)section 56 (transactions in deposits with and without certificates or in debts) M2 or 56A (disposal or exercise of rights in pursuance of deposits) M3;
(iii)section 249 (stock dividends treated as income) M4;
(iv)section 421 (taxation of borrower when loan to participators in a close company released etc.) M5;
(v)section 660A (income arising under settlement where settlor retains an interest) M6;
(vi)section 660B (payments to unmarried minor children of settlor) M7;
(vii)section 677 (sums paid to settlor otherwise than as income) M8 or 678 (capital sums paid by body connected with settlement) M9;
(viii)section 695 (limited interests in residue of estate in administration) M10 or 696 (absolute interests in residue of estate in administration) M11;
(ix)section 714 (transfers of securities: treatment of deemed sums and reliefs) M12 or 716 (transfer of unrealised interest);
(x)section 730 (transfer of income arising from securities) M13;
(xi)section 730A (treatment of price differential on sale and repurchase of securities) M14;
(xii)section 739 (prevention of avoidance of income tax) M15;
(xiii)section 740 (liability of non-transferors) M16;
(xiv)section 761 (charge to income tax of offshore income gain) M17; and
(xv)section 776 (transactions in land: taxation of chargeable gains) M18; and
(b)paragraph 1 of Schedule 13 to the Finance Act 1996 (discounted securities: charge to tax on realised profit comprised on a discount).
Marginal Citations
M1Section 34 was amended by Part 8(1) of Schedule 29 to the Finance Act 1995 (c.4) and section 40 of, and paragraph 15 of Schedule 5 to, the Finance Act 1998 (c.36).
M2Section 56 was amended by paragraph 14(3) of Schedule 10 to the Taxation of Chargeable Gains Act 1992 (c.12), paragraph 2 of Schedule 18 to the Finance Act 1993 (c.34) and section 164(4) of, and paragraph 6 of Schedule 14 to, the Finance Act 1996 (c.8).
M3Section 56A was inserted by paragraph 1 of Schedule 8 to the Finance (No. 2) Act 1992 (c.48).
M4Section 249 was amended by Part 5 of Schedule 17 to the Finance Act 1989 (c.26), section 19(4) of the Finance (No. 2) Act 1992, section 77(3) of the Finance Act 1993, paragraph 6 of Schedule 6 to the Finance Act 1996 and paragraph 10 of Schedule 4 to the Finance (No. 2) Act 1997 (c.58).
M5Section 421 was amended by section 19(6) of the Finance (No. 2) Act 1992, section 77(4) of the Finance Act 1993, section 122(6) of, and paragraph 9 of Schedule 6 to, the Finance Act 1996 and paragraph 11 of Schedule 4 to the Finance (No. 2) Act 1997.
M6Section 660A was inserted, together with sections 660B to 660G, by paragraph 1 of Schedule 17 to the Finance Act 1995 and amended by section 41(6) of, and paragraph 26 of Schedule 13 and Part 2(4) of Schedule 40 to, the Finance Act 2000 (c.17).
M7Section 660B was amended by section 64(1) to (4) of the Finance Act 1999 (c.16).
M8Section 677 was amended by section 109(4) of the Finance Act 1989, paragraph 7 of Schedule 6 to the Finance Act 1993 and paragraph 9 of Schedule 17 to the Finance Act 1995.
M9Section 678 was amended by paragraph 10 of Schedule 17 to the Finance Act 1995.
M10Section 695 was amended by paragraph 11(1) of Schedule 6 to the Finance Act 1993 and paragraph 2 of Schedule 18, and Part 8(10) of Schedule 29, to the Finance Act 1995.
M11Section 696 was amended by paragraph 11(1) of Schedule 6 to the Finance Act 1993 and paragraph 3 of Schedule 18 to the Finance Act 1995.
M12Section 714 was amended by Part 5(3) of Schedule 41 to the Finance Act 1996.
M13Section 730 was amended by paragraph 23 of Schedule 7 to the Finance Act 1996.
M14Section 730A was inserted by section 80(1) of the Finance Act 1995 and amended by paragraph 37 of Schedule 14 to the Finance Act 1996.
M15Section 739 was amended by section 81 of the Finance Act 1997 (c.16).
M16Section 740 was amended by paragraph 6 of Schedule 26 to the Finance Act 2000.
M17Section 761 was amended by paragraph 11 of Schedule 14 to the Finance Act 1990 (c.29) and paragraph 14(47) of Schedule 10, and Schedule 12, to the Taxation of Chargeable Gains Act 1992.
M18Section 776 was amended by paragraph 14(50) of Schedule 10 to the Taxation of Chargeable Gains Act 1992 and section 46(3) of, and paragraph 1 of Schedule 7 to, the Finance Act 1998.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: