{
  "url": "https://openlegislation.uk/finance-act-2026/schedule-3/paragraph-1",
  "json_url": "https://openlegislation.uk/finance-act-2026/schedule-3/paragraph-1.json",
  "legislation": "ukpga/2026/11",
  "legislation_title": "Finance Act 2026",
  "legislation_url": "https://openlegislation.uk/finance-act-2026",
  "path": "schedule/3/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": "Reliefs only deductible against income or gains to which they relate",
  "text": "(1) In section 845A of ITTOIA 2005 (claim for relief for qualifying new residents: qualifying foreign income), after subsection (3) insert—\n“(3A) But a deduction for that purpose is to be made only from qualifying foreign income.”\n(2) In section 41P of ITEPA 2003 (claim for relief for qualifying new residents: qualifying foreign employment income), after subsection (4) insert—\n“(4A) But a deduction for that purpose is to be made only from qualifying foreign employment income.”\n(3) In section 25 of ITA 2007 (reliefs and allowances deductible at Steps 2 and 3: supplementary), in subsection (3), at the appropriate places insert—\n“section 41P of ITEPA 2003 (qualifying foreign employment income)”;\n“section 845A of ITTOIA 2005 (qualifying foreign income)”.\n(4) In Schedule D1 to TCGA 1992, in paragraph 2(2) (relief for qualifying foreign gains)—\n(a) for “chargeable” substitute “qualifying foreign”, and\n(b) after “individual” insert “in that tax year”.\n(5) The amendments made by this paragraph have effect for the tax year 2025-26 and subsequent tax years.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2026/11/schedule/3/paragraph/1",
    "retrieved_at": "2026-10-29T08:42:24.914774+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."
}