E1.502 Priorities

E1.502 Priorities

1. Receipts of a trade, profession or vocation (see Part B1) which fall within ITTOIA 2005, ss 574–689 (Pt 5) and also within ITTOIA 2005, ss 5–23 (Pt 2, Ch 2) are assessed under Part 21. This priority is based on the nature of the receipt rather than (as previously) on the status of the recipient.

2. Income relating to a UK property business (see Part B6) which falls within Part 5 and also within ITTOIA 2005, ss 268–275 (Pt 3, Ch 3) is dealt with under Part 32.

3. Interest and dividends from UK resident companies (see Division E1.4)

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