Article 4 Amendment to the Income Tax (Trading and Other Income) Act 2005

Section 669 (reduction in residuary income: inheritance tax on accrued income) of the Income Tax (Trading and Other Income) Act 2005^f1 is amended as follows.

In subsection (3A)(c)^f2 for “any Scottish rate above the Scottish basic rate” substitute—

“any Scottish rate that—

(i)

is above the Scottish basic rate, but

(ii)

is not the Scottish intermediate rate”.