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(1)    This Act imposes charges to income tax under—

(a)    Part 2 (trading income),

(b)    Part 3 (property income),

(c)    Part 4 (savings and investment income), and

(d)    Part 5 (certain miscellaneous income).

(2)    Those charges to tax have effect for the purposes of section 1(1) of ICTA (the general charge to income tax).

(3)    Exemptions from those charges are dealt with in Part 6 (exempt income) but any Part 6 exemptions which are most obviously relevant to particular types of income are also mentioned in the provisions about those types of income.

(4)    What is or is not mentioned in those provisions does not limit the effect of Part 6.

(5)    This Act also contains—

(a)    provision about rent-a-room relief and foster-care relief (see Part 7),

(b)    special rules for foreign income (see Part 8),

(c)    special rules for partnerships (see Part 9), and

(d)    certain calculation rules and general provisions (see Part 10).

(6)    For abbreviations and defined expressions used in this Act, see section 885 and Schedule 4.

NOTES
Initial Commencement
Specified date

This Act comes into force on 6 April 2005 and has effect, for the purposes of income tax for the year 2005–06 and subsequent tax years, and for the purposes of corporation tax for accounting periods ending after 5 April 2005: see s 883; for transitional provisions and savings see Sch 2 hereto.
Foreign Income92 Income Tax Allowances, Deductions & Reliefs94 Property Taxes91 Company Law & Business Entities92 Companies & Corporate Bodies92 Property Income91 Income Tax91 Trading Income95 Real Property Law91 Administration & Collection of Income Tax99 International Tax99 Tax Law91 Exempt Income92 Personal Taxes91 Overseas Elements of Income Tax99

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