Income Tax Act 2007
Sections and provisions with full text and the judgments that cite each one.
Section ... — Treatment of cases involving double tax relief
Treatment of cases involving double tax relief ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1 — Overview of Income Tax Acts
Overview of Income Tax Acts 1 1 The following Acts make provision about income tax— a ITEPA 2003 (which is about charges to tax on employment income, pension income and social security income and…
Section 2 — Overview of Act
Overview of Act 2 1 This Act has 17 Parts. 2 Part 2 contains basic provisions about income tax including— a provision about the annual nature of income tax (Chapter 1), b the rates at which income…
Section 3 — Overview of charges to income tax
Overview of charges to income tax 3 1 Income tax is charged under— a Part 2 of ITEPA 2003 (employment income), b Part 9 of ITEPA 2003 (pension income), c Part 10 of ITEPA 2003 (social security…
Section 4 — Income tax an annual tax
Income tax an annual tax 4 1 Income tax is charged for a year only if an Act so provides. 2 A year for which income tax is charged is called a “tax year”. 3 A tax year begins on 6 April and ends on…
Section 5 — Income tax and companies
Income tax and companies 5 Section 3 of CTA 2009 disapplies the provisions of the Income Tax Acts relating to the charge to income tax in relation to income of a company (not accruing to it in a…
Section 6 — The ... basic rate , higher rate and additional rate
The ... basic rate , higher rate and additional rate 6 1 The main rates at which income tax is charged are— a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b the basic rate, ... c…
Section 6A — The Scottish basic, higher and additional rates
The Scottish basic, higher and additional rates 6A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 6B — The Welsh rates
The Welsh rates 6B 1 The Welsh basic rate, the Welsh higher rate and the Welsh additional rate for a tax year are calculated as follows. Step 1 Take the basic rate, higher rate or additional rate.…
Section 6C — The default basic, higher and additional rates
The default basic, higher and additional rates 6C The default basic rate, default higher rate and default additional rate for a tax year are the rates determined as such by Parliament for the tax…
Section 6D — The property basic, higher and additional rates
The property basic, higher and additional rates 6D The property basic rate, the property higher rate and the property additional rate for a tax year are the rates determined as such by Parliament for…
Section 7 — The starting rate for savings and savings nil rate
The starting rate for savings and savings nil rate 7 1 The starting rate for savings is 0%. 2 The savings nil rate is 0%
Section 7A — The savings basic, higher and additional rates
The savings basic, higher and additional rates 7A The savings basic rate, savings higher rate and savings additional rate for a tax year are the rates determined as such by Parliament for the tax…
Section 8 — The dividend nil rate, dividend ordinary rate , dividend upper rate and dividend additional rate
The dividend nil rate, dividend ordinary rate , dividend upper rate and dividend additional rate 8 A1 The dividend nil rate is 0%. 1 The dividend ordinary rate is 10.75% . 2 The dividend upper rate…
Section 9 — The trust rate , property trust rate, savings trust rate and dividend trust rate
The trust rate , property trust rate, savings trust rate and dividend trust rate 9 1 The trust rate is 45% . 1A The property trust rate is 47%. 1B The savings trust rate is 47%. 2 The dividend trust…
Section 9A — Overview of sections 10 to 15
Overview of sections 10 to 15 9A The general effect of sections 10 to 15 is outlined in the following table— Type of taxpayer Rates payable on savings income Rates payable on property income Rates…
Section 10 — Income charged at the ... basic , higher and additional rates: individuals
Income charged at the ... basic , higher and additional rates: individuals 10 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Income tax on an individual's income up to the basic…
Section 11 — Income charged at the default basic rate: non-individuals
Income charged at the default basic rate: non-individuals 11 1 Income tax is charged at the default basic rate on the income of persons other than individuals. 2 This section is subject to— ...…
Section 11A — Income charged at Scottish rates
Income charged at Scottish rates 11A 1A Income tax is charged at Scottish rates on the non-savings income of a Scottish taxpayer. 4 For the purposes of this section, “ non-savings income ” means…
Section 11CA — Income charged at the property basic, higher and additional rates: individuals
Income charged at the property basic, higher and additional rates: individuals 11CA 1 Income tax is charged at the property basic rate on an individual’s income which— a is property income, and b…
Section 11DA — Income charged at the savings basic rate: non-individuals
Income charged at the savings basic rate: non-individuals 11DA 1 Income tax is charged at the savings basic rate on the income of persons other than individuals which— a is savings income, b would…
Section 11B — Income charged at the Welsh basic, higher and additional rates
Income charged at the Welsh basic, higher and additional rates 11B 1 Income tax is charged at the Welsh basic rate on the income of a Welsh taxpayer which— a is neither property income nor savings…
Section 11CB — Income charged at the Welsh property basic, higher and additional rates: individuals
Income charged at the Welsh property basic, higher and additional rates: individuals 11CB 1 Income tax is charged at the Welsh property basic rate on the income of a Welsh taxpayer which— a is…
Section 11C — Income charged at the default basic, higher and additional rates: non-UK resident individuals
Income charged at the default basic, higher and additional rates: non-UK resident individuals 11C 1 Income tax on a non-UK resident individual’s income up to the basic rate limit is charged at the…
Section 11CC — Income charged at the property basic rate: non-individuals
Income charged at the property basic rate: non-individuals 11CC 1 Income tax is charged at the property basic rate on the income of persons other than individuals which— a is property income, b would…
Section 11D — Income charged at the savings basic, higher and additional rates : individuals
Income charged at the savings basic, higher and additional rates : individuals 11D 1 Income tax is charged at the savings basic rate on an individual’s income which— a is saving income, and b would…
Section 12 — Income charged at the starting rate for savings
Income charged at the starting rate for savings 12 1 Income tax is charged at the starting rate for savings ... on so much of an individual's income up to the starting rate limit for savings as— a is…
Section 12A — Savings income charged at the savings nil rate
Savings income charged at the savings nil rate 12A 1 This section applies in relation to an individual if— a the amount of the individual's Step 3 income is greater than £L, where £L is the amount of…
Section 12B — Individual's entitlement to a savings allowance
Individual's entitlement to a savings allowance 12B 1 Subsections (2) to (4) determine the amount of an individual's savings allowance for a tax year. 2 If any of the individual's income for the year…
Section 13 — Income charged at the dividend ordinary , dividend upper and dividend additional rates: individuals
Income charged at the dividend ordinary , dividend upper and dividend additional rates: individuals 13 1 Income tax is charged at the dividend ordinary rate on an individual's income which— a is…
Section 13A — Income charged at the dividend nil rate
Income charged at the dividend nil rate 13A 1 Subsection (2) applies if, ignoring this section, at least some of an individual's income would be charged to income tax at the dividend ordinary rate,…
Section 14 — Income charged at the dividend ordinary rate: non-individuals
Income charged at the dividend ordinary rate: non-individuals 14 1 Income tax is charged at the dividend ordinary rate on the income of persons other than individuals which— a is dividend income, b…
Section 15 — Income charged at the trust rate , the property trust rate, the savings trust rate and the dividend trust rate
Income charged at the trust rate , the property trust rate, the savings trust rate and the dividend trust rate 15 For the circumstances in which income tax is charged at the trust rate , the property…
Section 16 — Savings and dividend income to be treated as highest part of total income
Savings and dividend income to be treated as highest part of total income 16 1 This section has effect for determining — za which part of a Scottish taxpayer's income consists of savings income, zb…
Section 16A — Treatment of property income in hierarchy of total income
Treatment of property income in hierarchy of total income 16A 1 This section has effect for determining— a which part of a Scottish taxpayer’s income consists of property income, b the rate at which…
Section 17 — Repayment: tax paid at greater rate instead of starting rate for savings or savings nil rate
Repayment: tax paid at greater rate instead of starting rate for savings or savings nil rate 17 1 This section applies if income tax at a rate greater than the starting rate for savings has been paid…
Section 17A — Meaning of “property income”
Meaning of “property income” 17A 1 This section applies for the purposes of the Income Tax Acts. 2 “Property income” is income which is— a chargeable under Chapter 3 of Part 3 of ITTOIA 2005 (the…
Section 18 — Meaning of “savings income”
Meaning of “savings income” 18 1 This section applies for the purposes of the Income Tax Acts. 2 “Savings income” is income— a which is within subsection (3) or (4), and b which is not relevant…
Section 19 — Meaning of “dividend income”
Meaning of “dividend income” 19 1 This section applies for the purposes of the Income Tax Acts. 2 “Dividend income” is income which is— a chargeable under Chapter 3 of Part 4 of ITTOIA 2005…
Section 20 — The starting rate limit and the basic rate limit
The starting rate limit and the basic rate limit 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 21 — Indexation of the basic rate limit and starting rate limit for savings
Indexation of the basic rate limit and starting rate limit for savings 21 1 This section applies if the consumer prices index for the September before the start of a tax year is higher than it was…
Section 22 — Overview of Chapter
Overview of Chapter 22 1 This Chapter deals with the calculation of a person's income tax liability for a tax year. 2 But it does not deal with any income tax liability mentioned in section 32. 3…
Section 23 — The calculation of income tax liability
The calculation of income tax liability 23 To find the liability of a person (“the taxpayer”) to income tax for a tax year, take the following steps. Step 1 Identify the amounts of income on which…
Section 24 — Reliefs deductible at Step 2
Reliefs deductible at Step 2 24 1 If the taxpayer is an individual, the provisions referred to at Step 2 of the calculation in section 23 are— a the following— section 72 (early trade losses relief),…
Section 24A — Limit on Step 2 deductions
Limit on Step 2 deductions 24A 1 If the taxpayer is an individual, there is a limit on certain deductions which may be made for the tax year at Step 2. 2 The limit is determined as follows. 3 Amount…
Section 24B — Calculation of net income at Step 2 for low income estates and trusts
Calculation of net income at Step 2 for low income estates and trusts 24B 1 Subsection (2) applies in relation to a taxpayer if—1 a they are the personal representative of a deceased person and,…
Section 25 — Reliefs and allowances deductible at Steps 2 and 3: supplementary
Reliefs and allowances deductible at Steps 2 and 3: supplementary 25 1 This section supplements the provisions about reliefs and allowances in Steps 2 and 3 of the calculation in section 23. 2 At…
Section 26 — Tax reductions
Tax reductions 26 1 If the taxpayer is an individual, the provisions referred to at Step 6 of the calculation in section 23 are— a the following— Chapter 3 of Part 3 of this Act ... (tax reductions…
Section 27 — Order of deducting tax reductions: individuals
Order of deducting tax reductions: individuals 27 1 This section makes provision about the order in which tax reductions are to be deducted at Step 6 of the calculation in section 23, if the taxpayer…
Section 28 — Order of deducting tax reductions: other persons
Order of deducting tax reductions: other persons 28 1 This section makes provision about the order in which tax reductions are to be deducted at Step 6 of the calculation in section 23, if the…