Section 1026 — Income Tax Act 2007: Meaning of “ non-qualifying income ” for the purposes of section 1025

Meaning of “ non-qualifying income ” for the purposes of section 1025 1026 For the purposes of section 1025 an amount included in a person's total income is non-qualifying income if it is—

a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d income on which an individual is liable to income tax as a result of section 465 of ITTOIA 2005 or trustees are so liable as a result of section 467 of that Act (gains from contracts for life insurance etc), being income to which section 530 of that Act applies (income tax treated as paid etc),

e income which is included in the aggregate income of an estate as a result of section 664(2)(c), (d) or (e) of ITTOIA 2005 (income arising to personal representatives and corresponding to income within paragraph (b), (c) or (d)), or f income on which income tax is treated as paid under section 685A(3) of ITTOIA 2005 (settlor-interested settlements), ... g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .