{
  "url": "https://openlegislation.uk/income-tax-act-2007/section-507",
  "json_url": "https://openlegislation.uk/income-tax-act-2007/section-507.json",
  "legislation": "ukpga/2007/3",
  "legislation_title": "Income Tax Act 2007",
  "legislation_url": "https://openlegislation.uk/income-tax-act-2007",
  "path": "section/507",
  "kind": "section",
  "number": "507",
  "heading": "Overview of Chapter",
  "text": "(1) This Chapter makes provision about income arising from heritage maintenance property comprised in a heritage maintenance settlement.\n(2) In this Chapter—\n“heritage body” means a body or charity of a kind mentioned in paragraph 3(1)(a)(ii) of Schedule 4 to IHTA 1984 (maintenance funds for historic buildings etc),\n“heritage direction” means a direction under paragraph 1 of that Schedule,\n“heritage maintenance property” means any property in respect of which a heritage direction has effect,\n“heritage maintenance settlement” means a settlement which comprises heritage maintenance property, and\n“property maintenance purpose” means any of the purposes mentioned in paragraph 3(1)(a)(i) of that Schedule.\n(3) If a settlement comprises both heritage maintenance property and other property, the heritage maintenance property and the other property are treated as comprised in separate settlements for the purposes of Chapters 2 to 8 of this Part and the following provisions—\n(a) sections 64 to 66 and sections 75 to 79 (trade loss relief against general income),\n(b) sections 83 to 88 (carry-forward trade loss relief), and\n(c) Chapter 5 of Part 5 of ITTOIA 2005.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2007/3/section/507",
    "retrieved_at": "2026-10-29T09:13:03.599581+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."
}