Section 448 — Income Tax Act 2007: Relief for individuals

Relief for individuals 448 1 This section applies to a payment made in a tax year if—

a the person who makes it is an individual, b a sum representing income tax is required by section 900(2) ... (deduction from annual payments ...) to be deducted from it, and c the payment is not deductible in calculating the individual's income from any source.

2 The individual is entitled to relief for the tax year equal to the gross amount of the payment.

3 But this is subject to the restrictions in subsection (4) ....

4 The total amount of relief given under this section to an individual for a tax year cannot be greater than the amount of the individual's modified net income for the tax year (see section 1025).

5 The relief is given by deducting the amount of the relief in calculating the individual's net income for the tax year (see Step 2 of the calculation in section 23).