526. Certain telecommunication rights: non-trade businesses.

Income tax is charged on income derived from a relevant telecommunication right1 that is not used or held for the purposes of a trade, profession or vocation2. Tax is charged on the full amount of income arising in the tax year3 and the person liable is the person receiving or entitled to the income4.

For these purposes, income is calculated in accordance with the following provisions, except in relation to annual payments