# Income Tax (Trading and Other Income) Act 2005, Section 229: Income charged

Extent: E+W+S+N.I.

(1) Tax is charged under this Chapter on the full amount of any adjustment income arising in the tax year.
(2) This is subject to—
(a) sections 237 to 239B (which provide for spreading of adjustment income), and
(b) Part 8 (foreign income: special rules).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/229 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-229
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.