{
  "url": "https://openlegislation.uk/draft-scotland-act-2016-income-tax-consequential-amendments-regulations-2017/regulation-8",
  "json_url": "https://openlegislation.uk/draft-scotland-act-2016-income-tax-consequential-amendments-regulations-2017/regulation-8.json",
  "legislation": "ukdsi/2017/9780111153567",
  "legislation_title": "The Scotland Act 2016 (Income Tax Consequential Amendments) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/draft-scotland-act-2016-income-tax-consequential-amendments-regulations-2017",
  "path": "regulation/8",
  "kind": "regulation",
  "number": "8",
  "heading": "Amendments to the Income Tax (Trading and Other Income) Act 2005",
  "text": "(1) The Income Tax (Trading and Other Income) Act 2005 is amended as follows.\n(2) In section 669(3) (reduction in residuary income: inheritance tax on accrued income), in paragraph (a), for “additional rate or the higher rate” substitute “applicable rate”.\n(3) After section 669(3) insert—\n“(3A) For the purposes of subsection (3), the “applicable rate” means—\n(a) the additional rate,\n(b) the higher rate, or\n(c) in the case of a Scottish taxpayer, any Scottish rate above the Scottish basic rate.”.\n(4) In section 685A(3) (settlor-interested settlements) for “the Scottish additional rate” substitute “the highest Scottish rate”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "2005 c. 5."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 669(3) was amended by section 4(13) of the Finance Act 2016 (c. 24)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Section 685A was inserted by paragraph 6 of Schedule 13 to the Finance Act 2006 (c. 25) and amended by paragraph 22 of Schedule 2 to the Finance Act 2009, paragraph 569 of Schedule 1 to the Income Tax Act 2007, section 67(1) of the Finance Act 2008 (c. 9) and S.I. 2015/1810."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2017/9780111153567/regulation/8",
    "retrieved_at": "2026-10-30T15:07:03.528054+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}