{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-229",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-229.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/229",
  "kind": "section",
  "number": "229",
  "heading": "Income charged",
  "text": "(1) Tax is charged under this Chapter on the full amount of any adjustment income arising in the tax year.\n(2) This is subject to—\n(a) sections 237 to 239B (which provide for spreading of adjustment income), and\n(b) Part 8 (foreign income: special rules).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 229(2)(a) substituted (with effect in accordance with Sch. 4 paras. 56, 57 of the amending Act) by Finance Act 2013 (c. 29), Sch. 4 para. 52(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/229",
    "retrieved_at": "2026-10-29T09:16:32.370392+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."
}