Article 10 Amendments to the Income Tax (Trading and Other Income) Act 2005

In section 669^f1 (reduction in residuary income: inheritance tax on accrued income), in subsection (3)(a)—

(a)

for “or the higher rate” substitute “, the Scottish additional rate, the higher rate or the Scottish higher rate”;

(b)

in sub-paragraph (ii) after “the basic rate” insert “or, in the case of a Scottish taxpayer, at the Scottish basic rate”.

Annotations

f1: Section 669(3)(a) was amended by paragraph 561 of Schedule 1 to the Income Tax Act 2007, paragraph 59 of Schedule 1 to the Finance Act 2008 and paragraph 21 of Schedule 2 to the Finance Act 2009.