{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-478",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-478.json",
  "legislation": "ukpga/2003/1",
  "legislation_title": "Income Tax (Earnings and Pensions) Act 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003",
  "path": "section/478",
  "kind": "section",
  "number": "478",
  "heading": "Amount of charge",
  "text": "(1) The taxable amount for the purposes of section 476 (charge on occurrence of chargeable event) is—\nAG-DAwhere—\nAG is the amount of any gain realised on the occurrence of the chargeable event, and\nDA is the total of any deductible amounts.\n(2) Section 479 explains what is the amount of any gain realised on the occurrence of a chargeable event.\n(3) Section 480 specifies what are deductible amounts.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 7 Ch. 5 substituted (16.4.2003 for specified purposes and otherwise 1.9.2003 with effect in accordance with Sch. 22 para. 10(2) of the amending Act) by Finance Act 2003 (c. 14), Sch. 22 para. 10(1); S.I. 2003/1997, art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/section/478",
    "retrieved_at": "2026-10-29T09:18:42.395488+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."
}