| Commentary

(a) General

| Commentary

(8)     Exempt income

(a)     General

Exempt income is excluded from general earnings (ITEPA 2003 s 7(3)) and from specific employment income (s 7(4)). Exempt income (in ITEPA 2003) means income where no liability to income tax arises because of an exemption in

To continue reading
Analyse the law and clarify obscure passages all within a practical context.