Commentary

E1.401 Savings and investment income—imposition of charge

Personal and employment tax

E1.401 Savings and investment income—imposition of charge

Division E1.4     Savings and investment income

For updates affecting this Division please see Part E0 Updates

Savings and investment income—scope of charge

E1.401 Savings and investment income—imposition of charge

ITTOIA 2005, Pt 4 (ss 365–573) imposes a charge to income tax on interest, including disguised interest; dividends etc from UK resident companies etc; dividends from non-UK resident companies; stock dividends from UK resident companies; the release of a loan to a participator in a close company; purchased life annuity payments; profits from deeply discounted securities; gains from contracts for life insurance etc; and transactions in deposits1. The charge is subject to

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial