# Income Tax (Trading and Other Income) Act 2005, Section 261: Provisions which must be given priority over Part 3


Any receipt or other credit item, so far as it falls within—
(a) Chapter 3 of this Part so far as it relates to an overseas property business or Chapter 8 or 9 of this Part (rent receivable in connection with a UK section 12(4) concern or for UK electric-line wayleaves), and
(b) Chapter 2 of Part 2 (receipts of a trade, profession or vocation),
is dealt with under Part 2.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/261 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-261
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.