GLOSSARY

Relevant income definition

What does Relevant income mean?

Income of a particular tax year as identified under Step 3 in ITA 2007, s 733, for the purposes of calculating the charge under ITA 2007, s 731 (see ‘transfer of assets abroad (TAA) regime’), where an individual receives a capital benefit under a trust. See also ‘available relevant income (ARI)’.

Discover our 57 Practice Notes on Relevant income

See the 10 Q&As about Relevant income

Read the latest 21 News articles on Relevant income

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

  Case studies

"We rely on LexisNexis to give us a definitive answer, quickly and reliable every time so that we can be confident in the advice we use to help our clients."

Shelter


Access all documents on Relevant income

GET ACCESS NOW