# Income Tax (Trading and Other Income) Act 2005, Section 367: Priority between Chapters within Part 4

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

(1) Any income, so far as it falls within Chapter 2 (interest) and Chapter 8 (profits from deeply discounted securities), is dealt with under Chapter 8.
(2) Any income, so far as it falls within Chapter 3 (dividends etc. from UK resident companies etc.) and another Chapter, is dealt with under Chapter 3 (but this is subject to subsection (3)).
(3) Any income, so far as it falls within—
(a) Chapter 2 (interest) as a result of section 372 (building society dividends) , 378A (offshore fund distributions) or 379 ( payments by registered societies or certain co-operatives ), and
(b) Chapter 3 or Chapter 4 (or both),
is dealt with under Chapter 2.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/367 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-367
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.