My bookmarksSign up free
Source2007 c. 3

Income Tax Act 2007 (2007 c. 3)

Act Β· In force Β· Enacted 20 March 2007 Β· 2,539 sections

An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.

Data synced

Read the official text β†—

This instrument is too large to display on one page. It is divided into the parts below; open a part to read its sections, each of which links to its full text.

This contents list shows the 552 upper-level divisions out of 809. Open a division to see the finer levels beneath it.

Part 1 β€” Overviews 1 Β· 1 sectionPart 13 β€” Tax avoidances 943A Β· 1 sectionCHAPTER 5E β€” Disguised investment management feess 943A Β· 1 sectionPart 15 β€” Deduction of income tax at sources 943A Β· 1 sectionChapter 13 β€” Unauthorised unit trustss 943A Β· 1 section
Part 1 β€” Overviews 2 Β· 1 section
Part 2 β€” Basic provisionss 3–s 32 Β· 44 sectionsChapter 1 β€” Charges to income taxs 3–s 5 Β· 3 sectionsChapter 2 β€” Rates at which income tax is chargeds 6–s 21 Β· 28 sections
The ratess 6–s 9 Β· 8 sections
Income charged at particular ratess 9A–s 19 Β· 18 sections
Starting rate limit and basic rate limits 20–s 21 Β· 2 sections
Chapter 3 β€” Calculation of income tax liabilitys 22–s 32 Β· 13 sectionsPart 3 β€” Personal reliefss 33–s 58 Β· 33 sectionsChapter 1 β€” Introductions 33 Β· 1 sectionChapter 2 β€” Personal allowance and blind person's allowances 34–s 41 Β· 8 sections
Introductions 34 Β· 1 section
Personal allowancess 35–s 37 Β· 3 sections
Blind person's allowances 38–s 40 Β· 3 sections
Supplementarys 41 Β· 1 section
Chapter 3 β€” Tax reductions for married couples and civil partners : persons born before 6 April 1935s 42–s 55 Β· 15 sections
Introductions 42–s 44 Β· 4 sections
Married couple's allowances 45–s 46 Β· 2 sections
Elections to transfer reliefs 47–s 50 Β· 4 sections
Transfer of unused reliefs 51–s 53 Β· 3 sections
Supplementarys 54–s 55 Β· 2 sections
CHAPTER 3A β€” Transferable tax allowance for married couples and civil partnerss 55A–s 55E Β· 5 sections
Introductions 55A Β· 1 section
Tax reductions 55B Β· 1 section
Election to reduce personal allowances 55C–s 55D Β· 2 sections
Supplementarys 55E Β· 1 section
Chapter 4 β€” Generals 56–s 58 Β· 4 sectionsPart 4 β€” Loss reliefs 59–s 155 Β· 116 sectionsChapter 1 β€” Introductions 59 Β· 1 sectionChapter 2 β€” Trade lossess 60–s 101 Β· 49 sections
Introductions 60–s 63 Β· 4 sections
Trade loss relief against general incomes 64–s 65 Β· 2 sections
Restriction on relief for uncommercial tradess 66 Β· 1 section
Restriction on relief for β€œhobby” farming or market gardenings 67–s 70 Β· 4 sections
Use of trading loss as CGT losss 71 Β· 1 section
Early trade losses reliefs 72–s 74 Β· 3 sections
General restrictions on sideways relief and capital gains reliefs 74A–s 74D Β· 4 sections
...s 74E Β· 1 section
General restrictions on sideways relief and capital gains reliefs 74ZA Β· 1 section
Restrictions on sideways relief for certain capital allowancess 75–s 79 Β· 5 sections
Restriction on sideways relief for specific tradess 80–s 82 Β· 3 sections
Carry-forward trade loss reliefs 83–s 88 Β· 6 sections
Terminal trade loss reliefs 89–s 94 Β· 6 sections
Wholly foreign tradess 95 Β· 1 section
Post-cessation trade reliefs 96–s 101 Β· 7 sections
Chapter 3 β€” Restrictions on trade loss relief for certain partnerss 102–s 116A Β· 21 sections
Introductions 102–s 103B Β· 4 sections
Limit on amount of sideways relief and capital gains reliefs 103C–s 103D Β· 2 sections
Limited partnerss 104–s 106 Β· 3 sections
Members of LLPss 107–s 109 Β· 3 sections
Non-active members of LLPs or other partnerships (apart from limited partnerships)s 110–s 113 Β· 4 sections
Exclusion of amounts in calculating contribution to the firm or LLPs 113A Β· 1 section
...s 114 Β· 1 section
Restrictions for film trades carried on in partnerships 115–s 116 Β· 2 sections
Partnerships with mixed membership etcs 116A Β· 1 section
Chapter 4 β€” Losses from property businessess 117–s 127ZA Β· 16 sections
Introductions 117 Β· 1 section
Carry-forward property loss reliefs 118–s 119 Β· 2 sections
Property loss relief against general incomes 120–s 124 Β· 5 sections
Post-cessation property reliefs 125–s 126 Β· 2 sections
...s 127 Β· 1 section
Restrictions on reliefs 127A–s 127BA Β· 4 sections
...s 127ZA Β· 1 section
Chapter 5 β€” Losses in an employment or offices 128–s 130 Β· 3 sectionsChapter 6 β€” Losses on disposal of sharess 131–s 151 Β· 21 sections
Share loss relief against general incomes 131–s 133 Β· 3 sections
Shares to which EIS relief is not attributables 134–s 136 Β· 3 sections
Qualifying trading companies: the requirementss 137–s 144 Β· 8 sections
Qualifying trading companies: supplementarys 145–s 146 Β· 2 sections
Limits on share loss relief and mixed holdingss 147–s 149 Β· 3 sections
Miscellaneous and supplementarys 150–s 151 Β· 2 sections
Chapter 7 β€” Losses from miscellaneous transactionss 152–s 155 Β· 5 sections
Loss relief against miscellaneous incomes 152–s 153 Β· 2 sections
Deposit rightss 154 Β· 1 section
Supplementarys 154A–s 155 Β· 2 sections
Part 5 β€” Enterprise investment schemes 156–s 257 Β· 123 sectionsChapter 1 β€” Introductions 156–s 161 Β· 7 sections
EIS reliefs 156–s 158 Β· 4 sections
Miscellaneouss 159–s 161 Β· 3 sections
Chapter 2 β€” The investors 162–s 171 Β· 11 sections
Introductions 162 Β· 1 section
The requirementss 163–s 165 Β· 4 sections
Meaning of connection with issuing companys 166–s 171 Β· 6 sections
Chapter 3 β€” General requirementss 172–s 179 Β· 14 sections
Introductions 172 Β· 1 section
The requirementss 173–s 178A Β· 12 sections
Meaning of β€œqualifying business activity”s 179 Β· 1 section
Chapter 4 β€” The issuing companys 180–s 200 Β· 30 sections
Introductions 180 Β· 1 section
The requirementss 180A–s 188 Β· 11 sections
Definitionss 189–s 191A Β· 4 sections
Excluded activitiess 192–s 199 Β· 13 sections
Supplementarys 200 Β· 1 section
Chapter 5 β€” Attribution of and claims for EIS reliefs 201–s 207 Β· 7 sections
Attributions 201 Β· 1 section
Claims: generals 202–s 203 Β· 2 sections
Claims: supporting documentss 204–s 207 Β· 4 sections
Chapter 6 β€” Withdrawal or reduction of EIS reliefs 208–s 234 Β· 27 sections
Introductions 208 Β· 1 section
Disposalss 209–s 212 Β· 4 sections
Value received by investors 213–s 223 Β· 11 sections
Repayments etc of share capital to other personss 224–s 231 Β· 8 sections
Miscellaneouss 232–s 234 Β· 3 sections
Chapter 7 β€” Withdrawal or reduction of EIS relief: procedures 235–s 244 Β· 10 sections
Assessments and appealss 235–s 238 Β· 4 sections
Interests 239 Β· 1 section
Informations 240–s 244 Β· 5 sections
Chapter 8 β€” Supplementary and generals 245–s 257 Β· 17 sections
Disposals of sharess 245–s 246 Β· 2 sections
Acquisition of issuing companys 247–s 249 Β· 3 sections
Nominees etcs 250–s 251 Β· 2 sections
Powers to amends 251A Β· 1 section
Interpretations 252–s 257 Β· 9 sections
PART 5A β€” Seed enterprise investment schemes 257A–s 257H Β· 8 sectionsCHAPTER 1 β€” Introductions 257A Β· 1 section
SEIS reliefs 257A Β· 1 section
CHAPTER 2 β€” The investors 257B Β· 1 section
Introductions 257B Β· 1 section
CHAPTER 3 β€” General requirementss 257C Β· 1 section
Introductions 257C Β· 1 section
CHAPTER 4 β€” The issuing companys 257D Β· 1 section
Introductions 257D Β· 1 section
CHAPTER 5 β€” Attribution and claims for SEIS reliefs 257E Β· 1 section
Attributions 257E Β· 1 section
CHAPTER 6 β€” Withdrawal or reduction of SEIS reliefs 257F Β· 1 section
Introductions 257F Β· 1 section
CHAPTER 7 β€” Withdrawal or reduction of SEIS relief: procedures 257G Β· 1 section
Assessments and appealss 257G Β· 1 section
CHAPTER 8 β€” Supplementary and generals 257H Β· 1 section
Disposals of sharess 257H Β· 1 section
PART 5B β€” Tax relief for social investmentss 257J–s 257T Β· 10 sectionsCHAPTER 1 β€” Introductions 257J Β· 1 sectionCHAPTER 2 β€” Eligibility for relief: basic rule and key definitionss 257K Β· 1 section
Eligibilitys 257K Β· 1 section
CHAPTER 3 β€” Eligibility: conditions relating to the investor and the investments 257L Β· 1 sectionCHAPTER 4 β€” Eligibility: conditions relating to the social enterprises 257M Β· 1 section
Conditions relating to the social enterprise : generals 257M Β· 1 section
CHAPTER 5 β€” Attribution of reliefs 257N Β· 1 sectionCHAPTER 6 β€” Claims for reliefs 257P Β· 1 sectionCHAPTER 7 β€” Withdrawal or reduction of SI reliefs 257Q–s 257R Β· 2 sections
Value received by the investors 257Q Β· 1 section
Disposalss 257R Β· 1 section
CHAPTER 8 β€” Withdrawal or reduction of SI relief: procedures 257S Β· 1 section
Assessments and appealss 257S Β· 1 section
CHAPTER 9 β€” Miscellaneous and supplementary provisionss 257T Β· 1 section
PART 5A β€” Seed enterprise investment schemes 257AA–s 257HJ Β· 75 sections
CHAPTER 1 β€” Introductions 257AA–s 257AE Β· 5 sections
SEIS reliefs 257AA–s 257AB Β· 2 sections
Miscellaneouss 257AC–s 257AE Β· 3 sections
CHAPTER 2 β€” The investors 257BA–s 257BF Β· 6 sections
The requirementss 257BA–s 257BE Β· 5 sections
Meaning of substantial interest in a companys 257BF Β· 1 section
CHAPTER 3 β€” General requirementss 257CA–s 257CF Β· 6 sections
The requirementss 257CA–s 257CF Β· 6 sections
CHAPTER 4 β€” The issuing companys 257DA–s 257DN Β· 14 sections
The requirementss 257DA–s 257DN Β· 14 sections
CHAPTER 5 β€” Attribution and claims for SEIS reliefs 257EA–s 257EG Β· 7 sections
Claims: generals 257EA–s 257EB Β· 2 sections
Claims: supporting documentss 257EC–s 257EG Β· 5 sections
CHAPTER 6 β€” Withdrawal or reduction of SEIS reliefs 257FA–s 257FR Β· 18 sections
Introductions 257FA–s 257FD Β· 4 sections
Value received by investors 257FE–s 257FO Β· 11 sections
Miscellaneouss 257FP–s 257FR Β· 3 sections
CHAPTER 7 β€” Withdrawal or reduction of SEIS relief: procedures 257GA–s 257GI Β· 9 sections
Assessments and appealss 257GA–s 257GC Β· 3 sections
Interests 257GD Β· 1 section
Informations 257GE–s 257GI Β· 5 sections
CHAPTER 8 β€” Supplementary and generals 257HA–s 257HJ Β· 10 sections
Disposals of sharess 257HA Β· 1 section
Acquisition of issuing companys 257HB–s 257HD Β· 3 sections
Nominees etcs 257HE Β· 1 section
Interpretations 257HF–s 257HJ Β· 5 sections
PART 5B β€” Tax relief for social investmentss 257JA–s 257TE Β· 82 sections
CHAPTER 1 β€” Introductions 257JA–s 257JH Β· 8 sections
CHAPTER 2 β€” Eligibility for relief: basic rule and key definitionss 257KA–s 257KC Β· 3 sections
Key definitionss 257KA–s 257KC Β· 3 sections
CHAPTER 3 β€” Eligibility: conditions relating to the investor and the investments 257LA–s 257LH Β· 8 sections
CHAPTER 4 β€” Eligibility: conditions relating to the social enterprises 257MA–s 257MW Β· 22 sections
Conditions relating to the social enterprise : generals 257MA–s 257MN Β· 14 sections
Interpretation of conditions relating to the social enterprises 257MP–s 257MW Β· 8 sections
CHAPTER 6 β€” Claims for reliefs 257PA–s 257PE Β· 5 sections
CHAPTER 7 β€” Withdrawal or reduction of SI reliefs 257QA–s 257RC Β· 22 sections
Value received by the investors 257QA–s 257QI Β· 9 sections
Repayments etc of investments to other personss 257QJ–s 257QP Β· 7 sections
Miscellaneouss 257QQ–s 257QS Β· 3 sections
Disposalss 257RA–s 257RC Β· 3 sections
CHAPTER 8 β€” Withdrawal or reduction of SI relief: procedures 257SA–s 257SI Β· 9 sections
Assessments and appealss 257SA–s 257SC Β· 3 sections
Interests 257SD Β· 1 section
Informations 257SE–s 257SI Β· 5 sections
CHAPTER 9 β€” Miscellaneous and supplementary provisionss 257TA–s 257TE Β· 5 sections
PART 5A β€” Seed enterprise investment schemes 257AAA Β· 1 section
CHAPTER 1 β€” Introductions 257AAA Β· 1 section
SEIS reliefs 257AAA Β· 1 section
PART 5B β€” Tax relief for social investmentss 257LDA–s 257MQA Β· 9 sections
CHAPTER 3 β€” Eligibility: conditions relating to the investor and the investments 257LDA–s 257LEA Β· 2 sections
CHAPTER 4 β€” Eligibility: conditions relating to the social enterprises 257MIA–s 257MQA Β· 7 sections
Conditions relating to the social enterprise : generals 257MIA Β· 1 section
Limits on amounts that may be investeds 257MNA–s 257MNE Β· 5 sections
Interpretation of conditions relating to the social enterprises 257MQA Β· 1 section
Part 6 β€” Venture capital trustss 258–s 332 Β· 105 sectionsChapter 1 β€” Introductions 258–s 260 Β· 3 sectionsChapter 2 β€” VCT reliefs 261–s 273 Β· 14 sections
Entitlement to reliefs 261–s 265 Β· 6 sections
Loss of reliefs 266–s 270 Β· 5 sections
Supplementarys 271–s 273 Β· 3 sections
Chapter 3 β€” VCT approvalss 274–s 285 Β· 17 sections
Giving of approvals 274–s 280BA Β· 12 sections
Withdrawal of approvals 281–s 282 Β· 2 sections
Supplementarys 283–s 285 Β· 3 sections
Chapter 4 β€” Qualifying holdingss 286–s 313 Β· 46 sections
Introductions 286 Β· 1 section
The requirementss 286A–s 299A Β· 24 sections
Definitionss 300–s 302A Β· 4 sections
Excluded activitiess 303–s 310 Β· 13 sections
Supplementarys 311–s 313 Β· 4 sections
Chapter 5 β€” Powers: winding up and mergers of VCTss 314–s 325 Β· 12 sections
Winding ups 314–s 320 Β· 7 sections
Mergerss 321–s 323 Β· 3 sections
Supplementarys 324–s 325 Β· 2 sections
Chapter 6 β€” Supplementary and generals 326–s 332 Β· 13 sections
Acquisitions for restructuring purposess 326–s 328 Β· 5 sections
Conversion of shares etc and company reorganisationss 329–s 330 Β· 2 sections
Nomineess 330A Β· 1 section
Power to amend Parts 330B Β· 1 section
Supplementarys 331–s 332 Β· 4 sections
Part 7 β€” Community investment tax reliefs 333–s 382 Β· 55 sectionsChapter 1 β€” Introductions 333–s 339 Β· 8 sections
CITRs 333–s 335A Β· 4 sections
Miscellaneouss 336–s 339 Β· 4 sections
Chapter 2 β€” Accredited community development finance institutionss 340–s 343 Β· 4 sectionsChapter 3 β€” Qualifying investmentss 344–s 349 Β· 6 sectionsChapter 4 β€” General conditionss 350–s 353 Β· 4 sectionsChapter 5 β€” Claims for and attribution of CITRs 354–s 358 Β· 5 sections
Claimss 354–s 356 Β· 3 sections
Attributions 357–s 358 Β· 2 sections
Chapter 6 β€” Withdrawal or reduction of CITRs 359–s 372 Β· 14 sections
Introductions 359 Β· 1 section
Disposalss 360–s 361 Β· 2 sections
Repayment of loanss 362 Β· 1 section
Receipts of values 363–s 370 Β· 8 sections
CITR not dues 371 Β· 1 section
Manner of withdrawal or reductions 372 Β· 1 section
Chapter 7 β€” Supplementary and generals 372A–s 382 Β· 14 sections
Alternative finance arrangementss 372A–s 372D Β· 4 sections
Miscellaneouss 373–s 377 Β· 5 sections
Definitionss 378–s 382 Β· 5 sections
Part 8 β€” Other reliefss 383–s 461 Β· 96 sectionsChapter 1 β€” Interest paymentss 383–s 412 Β· 35 sections
The relief: introductions 383–s 387 Β· 7 sections
Loans for plant or machinerys 388–s 391 Β· 4 sections
Loans for interests in close companies etcs 392–s 395 Β· 5 sections
Loans for interests in employee-controlled companiess 396–s 397 Β· 2 sections
Loans for investing in partnershipss 398–s 400 Β· 5 sections
Loans for investing in co-operativess 401–s 402 Β· 2 sections
Loans for paying inheritance taxs 403–s 405 Β· 3 sections
General and supplementarys 406–s 412 Β· 7 sections
CHAPTER 1A β€” Irrecoverable peer-to-peer loanss 412A–s 412J Β· 10 sections
The reliefs 412A–s 412D Β· 4 sections
Supplementary provisionss 412E–s 412H Β· 4 sections
Interpretations 412I–s 412J Β· 2 sections
Chapter 2 β€” Gift aids 413–s 430 Β· 19 sections
The reliefs 413–s 417 Β· 6 sections
Restrictions on associated benefitss 418–s 419 Β· 2 sections
Admission rightss 420–s 421 Β· 2 sections
Disqualified overseas giftss 422 Β· 1 section
Measures to ensure donor's liability not less than tax treated as deducteds 423–s 425 Β· 3 sections
Election to carry back reliefs 426 Β· 1 section
Supplementarys 427–s 430 Β· 4 sections
Chapter 3 β€” Gifts of shares, securities and real property to charities etcs 431–s 446 Β· 17 sections
Entitlement to reliefs 431–s 433 Β· 3 sections
Amount of reliefs 434–s 436 Β· 3 sections
Value of net benefit to charitys 437–s 440 Β· 5 sections
Special provisions about qualifying interests in lands 441–s 444 Β· 4 sections
Supplementarys 445–s 446 Β· 2 sections
Chapter 4 β€” Annual payments ...s 447–s 452 Β· 6 sectionsChapter 5 β€” Qualifying maintenance paymentss 453–s 456 Β· 4 sectionsChapter 6 β€” Miscellaneous other reliefss 457–s 461 Β· 5 sections
Payments for life insurance etcs 457–s 460 Β· 4 sections
Patent royalty receiptss 461 Β· 1 section
Part 9 β€” Special rules about settlements and trusteess 462–s 517 Β· 59 sectionsChapter 1 β€” Introductions 462–s 464 Β· 3 sectionsChapter 2 β€” General provision about settlements and trusteess 465–s 478 Β· 14 sections
Overviews 465 Β· 1 section
Settled propertys 466 Β· 1 section
Settlorss 467–s 473 Β· 7 sections
Trusteess 474–s 476 Β· 3 sections
Sub-fundss 477 Β· 1 section
Regulationss 478 Β· 1 section
Chapter 3 β€” Special rates for trustees' incomes 479–s 483 Β· 5 sectionsChapter 4 β€” Trustees' expenses and special rates for trusteess 484–s 487 Β· 4 sectionsChapter 5 β€” Share incentive planss 488–s 490 Β· 3 sectionsChapter 6 β€” Trustees' first slice of trust rate incomes 491–s 492 Β· 2 sectionsChapter 7 β€” Discretionary paymentss 493–s 498 Β· 8 sections (4 directly here)
Payments constituting income of beneficiary (other than employment income)s 493 Β· 1 section
Payments constituting employment income of beneficiarys 496A–s 496B Β· 2 sections
Tax pools 497 Β· 1 section
Chapter 8 β€” Trustees' expenses and beneficiary's incomes 499–s 503 Β· 5 sectionsChapter 9 β€” Unauthorised unit trustss 504–s 506 Β· 4 sectionsChapter 10 β€” Heritage maintenance settlementss 507–s 517 Β· 11 sections
Introductions 507 Β· 1 section
Trustees' election in respect of income etcs 508–s 509 Β· 2 sections
Absence of election and income treated as income of settlor: special ruless 510–s 511 Β· 2 sections
Application of property for non-heritage purposes: charge to taxs 512–s 517 Β· 6 sections
PART 9A β€” Transactions in UK lands 517A–s 517U Β· 21 sections
Introductions 517A Β· 1 section
Amounts treated as profits of a trades 517B–s 517F Β· 5 sections
Person to whom profits attributeds 517G Β· 1 section
Anti-fragmentations 517H Β· 1 section
Calculation of profit or gain on disposals 517I–s 517J Β· 2 sections
Arrangements for avoiding taxs 517K Β· 1 section
Exemptionss 517L–s 517M Β· 2 sections
Other supplementary provisionss 517N–s 517O Β· 2 sections
Interpretations 517P–s 517U Β· 6 sections
Part 10 β€” Special rules about charitable trusts etcs 518–s 564 Β· 49 sections
Introductions 518–s 519 Β· 2 sections
Gifts and other paymentss 520–s 523 Β· 5 sections
Other exemptionss 524–s 537 Β· 14 sections
Claimss 538–s 538A Β· 2 sections
Restrictions on exemptionss 539–s 542 Β· 4 sections
Non-charitable expenditures 543–s 548 Β· 6 sections
Substantial donor transactionss 549–s 557 Β· 9 sections
Approved charitable investments and loanss 558–s 561 Β· 4 sections
Carry back of excess non-charitable expenditures 562–s 564 Β· 3 sections
Part 10A β€” Alternative finance arrangementss 564A–s 564WA Β· 27 sections
Introductions 564A–s 564B Β· 2 sections
Arrangements that are alternative finance arrangementss 564C–s 564H Β· 6 sections
Meaning of β€œalternative finance return”s 564I–s 564L Β· 4 sections
Treatment of alternative finance return as interest etcs 564M–s 564Q Β· 5 sections
Special rules for investment bond arrangementss 564R–s 564U Β· 4 sections
Other ruless 564V–s 564Y Β· 4 sections
Arrangements that are alternative finance arrangementss 564DA Β· 1 section
Other ruless 564WA Β· 1 section
Part 11 β€” Manufactured payments and reposs 565–s 614 Β· 52 sectionsChapter 1 β€” Introductions 565–s 571 Β· 7 sectionsChapter 2 β€” Manufactured paymentss 572–s 591 Β· 22 sections
Introductions 572–s 572A Β· 2 sections
Manufactured dividends on UK sharess 573–s 577 Β· 5 sections
Manufactured interest on UK securitiess 578–s 580 Β· 3 sections
Manufactured overseas dividendss 581–s 582 Β· 3 sections
Special casess 583–s 585 Β· 3 sections
General regulation-making powerss 586–s 588 Β· 3 sections
Interpretations 589–s 591 Β· 3 sections
Chapter 3 β€” Tax credits: stock lending arrangements and reposs 592–s 595 Β· 4 sections
Stock lending arrangementss 592 Β· 1 section
Reposs 593–s 594 Β· 2 sections
Interpretations 595 Β· 1 section
Chapter 4 β€” Deemed manufactured paymentss 596–s 606 Β· 11 sections
Stock lending arrangementss 596–s 600 Β· 5 sections
Reposs 601–s 605 Β· 5 sections
Interpretations 606 Β· 1 section
Chapter 5 β€” Price differences under reposs 607–s 611 Β· 5 sections
Main tax treatments 607–s 608 Β· 2 sections
Additional tax treatments 609 Β· 1 section
Interpretations 610 Β· 1 section
Power to modifys 611 Β· 1 section
Chapter 6 β€” Powers to modify repo provisionss 612–s 614 Β· 3 sectionsPart 11A β€” Leasing arrangements: finance leases and loanss 614A–s 614DG Β· 43 sectionsChapter 1 β€” Introductions 614A Β· 1 section
Introductions 614A Β· 1 section
Chapter 2 β€” Finance leases with return in capital forms 614B Β· 1 section
Introductions 614B Β· 1 section
Chapter 3 β€” Other finance leasess 614C Β· 1 section
Introductions 614C Β· 1 section
Chapter 4 β€” Supplementary provisionss 614D Β· 1 section
Chapter 1 β€” Introductions 614AA–s 614AC Β· 3 sections
Meaning of expressions about rents 614AA–s 614AC Β· 3 sections
Chapter 2 β€” Finance leases with return in capital forms 614BA–s 614BY Β· 25 sections
Introductions 614BA Β· 1 section
Leases to which this Chapter appliess 614BB–s 614BE Β· 4 sections
Current lessor taxed by reference to accountancy rental earningss 614BF Β· 1 section
Reduction of taxable rent by cumulative rental excessess 614BG–s 614BK Β· 5 sections
Relief for bad debts by reduction of cumulative rental excessess 614BL–s 614BO Β· 4 sections
Effect of disposalss 614BP–s 614BQ Β· 2 sections
Capital allowances: claw-back of major lump sums 614BR–s 614BW Β· 6 sections
Schemes to which this Chapter does not at first applys 614BX–s 614BY Β· 2 sections
Chapter 3 β€” Other finance leasess 614CA–s 614CD Β· 4 sections
Introductions 614CA Β· 1 section
Leases to which this Chapter appliess 614CB Β· 1 section
Current lessor taxed by reference to accountancy rental earningss 614CC Β· 1 section
Application of provisions of Chapter 2 for purposes of this Chapters 614CD Β· 1 section
Chapter 4 β€” Supplementary provisionss 614DA–s 614DG Β· 7 sections
PART 11ZA β€” Manufactured paymentss 614ZA–s 614ZD Β· 4 sections
Part 12 β€” Accrued income profitss 615–s 681 Β· 68 sectionsChapter 1 β€” Introductions 615 Β· 1 sectionChapter 2 β€” Accrued income profits and lossess 616–s 677 Β· 63 sections
Charge to taxs 616–s 618 Β· 3 sections
Securities to which Chapter appliess 619 Β· 1 section
Transfers to which Chapter appliess 620–s 627 Β· 8 sections
Calculating accrued income profits and lossess 628–s 631 Β· 4 sections
The payments treated as made on transferss 632–s 635 Β· 4 sections
Exception where there is a transfer to a legatees 636 Β· 1 section
Relief for lossess 637 Β· 1 section
Excluded transferors and transfereess 638–s 647 Β· 10 sections
Further transactions treated as transferss 648–s 652 Β· 5 sections
Excluded transferss 653–s 658 Β· 6 sections
Special rules about some calculationss 659–s 665 Β· 7 sections
Nominees and trusteess 666–s 667 Β· 2 sections
Relief where transfer proceeds unremittables 668–s 670 Β· 3 sections
Individuals to whom remittance basis appliess 670A Β· 1 section
Interpretations 671–s 677 Β· 7 sections
Chapter 3 β€” Exemptions relating to interest on securitiess 678–s 681 Β· 4 sectionsPart 12A β€” Sale and lease-back etcs 681A–s 681DP Β· 54 sectionsChapter 1 β€” Payments connected with transferred lands 681A Β· 1 section
Overviews 681A Β· 1 section
Chapter 2 β€” New lease of land after assignment or surrenders 681B Β· 1 section
Overviews 681B Β· 1 section
Chapter 3 β€” Leased trading assetss 681C Β· 1 section
Overviews 681C Β· 1 section
Chapter 4 β€” Leased assets: capital sumss 681D Β· 1 section
Overviews 681D Β· 1 section
Chapter 1 β€” Payments connected with transferred lands 681AA–s 681AN Β· 14 sections
Application of the Chapters 681AA–s 681AC Β· 3 sections
Relief: restriction and carrying forwards 681AD Β· 1 section
Certain deductions from earnings: restriction and carrying forward of reliefs 681AE–s 681AH Β· 4 sections
Interpretation etcs 681AI–s 681AN Β· 6 sections
Chapter 2 β€” New lease of land after assignment or surrenders 681BA–s 681BM Β· 13 sections
Application of the Chapters 681BA Β· 1 section
Taxation of considerations 681BB–s 681BC Β· 2 sections
Relief for rent under new leases 681BD Β· 1 section
New lease treated as endings 681BE–s 681BI Β· 5 sections
Lease varied to provide for increased rents 681BJ Β· 1 section
Interpretations 681BK–s 681BM Β· 3 sections
Chapter 3 β€” Leased trading assetss 681CA–s 681CG Β· 7 sections
Application of the Chapters 681CA–s 681CB Β· 2 sections
Relief: restriction and carrying forwards 681CC–s 681CE Β· 3 sections
Interpretations 681CF–s 681CG Β· 2 sections
Chapter 4 β€” Leased assets: capital sumss 681DA–s 681DP Β· 16 sections
Application of the Chapters 681DA–s 681DC Β· 3 sections
Charge to income taxs 681DD–s 681DF Β· 3 sections
Obtaining of sums 681DG–s 681DI Β· 3 sections
Apportionments 681DJ–s 681DK Β· 2 sections
Interpretations 681DL–s 681DP Β· 5 sections
Part 13 β€” Tax avoidances 682–Sch 2 para 172 Β· 1,402 sections
Chapter 1 β€” Transactions in securitiess 682–s 713 Β· 33 sections
Introductions 682–s 683 Β· 2 sections
Person liable to counteraction of income tax advantagess 684–s 694 Β· 11 sections
Procedure for counteraction of income tax advantagess 695–s 700 Β· 7 sections
Clearance procedure ...s 701–s 703 Β· 3 sections
...s 704 Β· 1 section
Appealss 705–s 711 Β· 7 sections
Supplementarys 712–s 713 Β· 2 sections
Chapter 2 β€” Transfer of assets abroads 714–s 751 Β· 67 sections
Introductions 714–s 719A Β· 7 sections
Charge where power to enjoy incomes 720–s 726 Β· 11 sections
Charge where capital sums receiveds 727–s 730 Β· 7 sections
Charge where benefit receiveds 731–s 735A Β· 12 sections
Transitional provision about protected foreign-source income and transitionally protected incomes 735B–s 735AG Β· 9 sections
Exemptions: no tax avoidance purpose or genuine commercial transactions 736–s 742A Β· 8 sections
Value of certain benefitss 742B–s 742E Β· 4 sections
Generals 743–s 747 Β· 5 sections
Supplementarys 748–s 751 Β· 4 sections
Chapter 3 β€” Transactions in lands 752–s 772 Β· 21 sections
Introductions 752–s 754 Β· 3 sections
Charge on gains from transactions in lands 755–s 760 Β· 6 sections
Further provisions relevant to the charges 761–s 764 Β· 4 sections
Exemptionss 765–s 767 Β· 3 sections
Recovery of taxs 768–s 769 Β· 2 sections
Clearances and power to obtain informations 770–s 771 Β· 2 sections
Interpretations 772 Β· 1 section
Chapter 4 β€” Sales of occupation incomes 773–s 789 Β· 17 sections
Introductions 773–s 775 Β· 3 sections
Charge on sale of occupation incomes 776–s 779 Β· 4 sections
Further provisions relevant to the charges 780–s 783 Β· 4 sections
Exemption for sales of going concernss 784–s 785 Β· 2 sections
Recovery of taxs 786–s 787 Β· 2 sections
Power to obtain informations 788 Β· 1 section
Interpretations 789 Β· 1 section
Chapter 5 β€” Avoidance involving trading lossess 790–s 809 Β· 20 sections
Introductions 790 Β· 1 section
Individuals in partnership: recovery of excess reliefs 791–s 795 Β· 5 sections
Individuals claiming relief for film-related trading lossess 796–s 803 Β· 8 sections
Individuals in partnership claiming relief for licence-related trading lossess 804–s 809 Β· 6 sections
CHAPTER 5E β€” Disguised investment management feess 809A–s 809ZR Β· 80 sections
Part 14 β€” Income tax liability: miscellaneous ruless 809A–s 809YF Β· 62 sections
Chapter A1 β€” Remittance basiss 809A–s 809YF Β· 62 sections
Chapter 6 β€” Avoidance involving leases of plant and machinerys 809ZA–s 809ZF Β· 6 sections
Chapter 7 β€” Avoidance involving obtaining tax relief for interests 809ZG Β· 1 section
CHAPTER 8 β€” Tainted charity donationss 809ZH–s 809ZR Β· 11 sections
Introductions 809ZH–s 809ZI Β· 2 sections
Tainted donationss 809ZJ–s 809ZL Β· 3 sections
Removal of reliefs and imposition of charge to taxs 809ZM–s 809ZO Β· 3 sections
Supplementarys 809ZP–s 809ZR Β· 3 sections
Chapter 5A β€” Transfers of income streamss 809AZA–s 809AZG Β· 7 sections
Chapter 5AA β€” Disposals of income streams through partnershipss 809AAZA–s 809AAZB Β· 2 sections
Chapter 5B β€” Finance arrangementss 809BZA–s 809BZS Β· 19 sections
Type 1 arrangementss 809BZA–s 809BZE Β· 5 sections
Type 2 arrangementss 809BZF–s 809BZI Β· 4 sections
Type 3 arrangementss 809BZJ–s 809BZL Β· 3 sections
Exceptionss 809BZM–s 809BZP Β· 4 sections
Supplementarys 809BZQ–s 809BZS Β· 3 sections
Chapter 5C β€” Loan or credit transactionss 809CZA–s 809CZC Β· 3 sections
Chapter 5D β€” Disposals of assets through partnershipss 809DZA–s 809DZB Β· 2 sections
CHAPTER 5E β€” Disguised investment management feess 809EZA–Sch 2 para 172 Β· 1,131 sections
CHAPTER 5E β€” Disguised investment management feess 809EZA–s 809EZH Β· 10 sections
CHAPTER 5F β€” Income-based carried interests 809FZA–s 809FZZ Β· 26 sections
Income-based carried interests 809FZA–s 809FZB Β· 2 sections
Average holding periods 809FZC Β· 1 section
Average holding period: disposalss 809FZD–s 809FZF Β· 3 sections
Average holding period: derivatives and hedgings 809FZG–s 809FZI Β· 3 sections
Average holding period: aggregation of acquisitions and disposalss 809FZJ–s 809FZP Β· 7 sections
Direct lending fundss 809FZQ–s 809FZR Β· 2 sections
Conditionally exempt carried interests 809FZS–s 809FZT Β· 2 sections
Supplementarys 809FZU–s 809FZY Β· 5 sections
Interpretations 809FZZ Β· 1 section
Chapter 6 β€” Avoidance involving leases of plant and machinerys 809ZFA Β· 1 section
Part 14 β€” Income tax liability: miscellaneous ruless 809RZA–s 846 Β· 82 sections
Chapter A1 β€” Remittance basiss 809RZA–s 809VIA Β· 5 sections
Chapter 1 β€” Limits on liability to income tax of non-UK residentss 810–s 828 Β· 20 sections
Chapter 1A β€” Exemption for persons not domiciled in United Kingdoms 828A–s 828D Β· 4 sections
Chapter 2 β€” Residences 829–s 835A Β· 8 sections
Chapter 2A β€” Domiciles 835B Β· 1 section
Chapter 2B β€” UK representative of non-UK residents 835C–s 835S Β· 17 sections
Chapter 2C β€” Income tax obligations and liabilities imposed on UK representativess 835T–s 835Y Β· 6 sections
Chapter 2A β€” Domiciles 835BA Β· 1 section
Chapter 3 β€” Jointly held propertys 836–s 837 Β· 2 sections
Chapter 3A β€” Banks etc in compulsory liquidations 837A–s 837H Β· 8 sections
Chapter 4 β€” Other miscellaneous ruless 838–s 846 Β· 10 sections
Part 15 β€” Deduction of income tax at sources 847–s 987 Β· 162 sections
Chapter 1 β€” Introductions 847–s 849 Β· 3 sections
Chapter 2 β€” Meaning of β€œrelevant investment” for purposes of section 876s 850–s 873 Β· 24 sections
Chapter 3 β€” Deduction from certain payments of yearly interests 874–s 888DA Β· 21 sections
Chapter 4 β€” Deduction from payments in respect of building society securitiess 889 Β· 1 section
Chapter 5 β€” Deduction from payments of UK public revenue dividendss 890–s 897 Β· 8 sections
Chapter 6 β€” Deduction from annual payments and patent royaltiess 898–s 905 Β· 8 sections
Chapter 7 β€” Deduction from other payments connected with intellectual propertys 906–s 910 Β· 5 sections
Chapter 8 β€” Chapters 6 and 7: special provision in relation to royaltiess 911–s 917A Β· 8 sections
Chapter 9 β€” Manufactured paymentss 918–s 927 Β· 16 sections
Chapter 10 β€” Deduction from non-commercial payments by companiess 928 Β· 1 section
Chapter 11 β€” Payments between companies etc: exception from duties to deducts 929–s 938 Β· 10 sections
Chapter 12 β€” Funding bondss 939–s 940A Β· 3 sections
Chapter 13 β€” Unauthorised unit trustss 941–s 943D Β· 6 sections
Chapter 14 β€” Tax avoidance: directions for duty to deduct to applys 944 Β· 1 section
Chapter 15 β€” Collection: deposit-takers, building societies and certain companiess 945–s 962 Β· 18 sections
Chapter 16 β€” Collection: certain payments by other personss 963–s 963A Β· 2 sections
Chapter 17 β€” Collection through self-assessment returns 964 Β· 1 section
Chapter 18 β€” Other regimes involving the deduction of income tax at sources 965–s 974 Β· 10 sections
Chapter 19 β€” Generals 975–s 987 Β· 16 sections
Part 16 β€” Income Tax Acts definitions etcs 988–s 1016 Β· 31 sections
Chapter 1 β€” Definitionss 988–s 1007A Β· 22 sections
Chapter 2 β€” Other Income Tax Acts provisionss 1008–s 1016 Β· 9 sections
Part 17 β€” Definitions for purposes of Act and final provisionss 1017–s 1035 Β· 19 sections
Definitions for the purposes of Acts 1017–s 1026 Β· 10 sections
Final provisionss 1027–s 1035 Β· 9 sections
SchedulesSch 1 para 1–Sch 2 para 172 Β· 800 sections
SCHEDULE 1 β€” Minor and consequential amendmentsSch 1 para 1–Sch 1 para 627 Β· 627 sections
SCHEDULE 2 β€” Transitionals and savingsSch 2 para 1–Sch 2 para 172 Β· 173 sections

Cite this legislation

Official citation
2007 c. 3
Source
legislation.gov.uk
Data synced
Licence
OGL-3 β†—

Income Tax Act 2007 (legislation.gov.uk, OGL-3). Retrieved via LawPlayer, https://lawplayer.com/uk/act/ukpga-2007-3

This text is synced from legislation.gov.uk. In case of any discrepancy, the official version prevails.

View on legislation.gov.uk β†—

Related legislation
Subordinate legislation

59 pieces of subordinate legislation are made under this Act. The 8 most recently made are listed here.

Relations are derived from the official revision history and the text of the instruments; only high-confidence links held on LawPlayer are listed. Refer to the official gazette for the complete picture.

Contains public sector information licensed under the Open Government Licence v3.0 (legislation.gov.uk).

Contents

What to look at next

Browse all UK LegislationEvery instrument by type and year, full text free to read section by sectionUK legislationUK Legislation by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearUK: what this database coversWhich datasets are here, which official source they come from, and how current they areUK overview