Section 17A Meaning of “property income”F1

(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 profits of a UK property business or an overseas property business),

(b)

chargeable under Chapter 7 of that Part (amounts treated as adjustment income under section 330),

(c)

chargeable under Chapter 8 of that Part (rent receivable in connection with a UK section 12(4) concern),

(d)

chargeable under Chapter 9 of that Part (rent receivable for UK electric-line wayleaves), and

(e)

chargeable under Chapter 10 of that Part (post-cessation receipts arising from a UK property business).

Annotations

F1: S. 17A inserted (for the tax year 2027-28 and subsequent tax years) by Finance Act 2026 (c. 11), s. 6(5)(8)