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Section 403 Income charged

United Kingdom

(1)

Tax is charged under this Chapter on the F1... amount of the dividends arising in the tax year.

(2)

Subsection (1) is subject to—

  • section 406(2) and (3) (later charge where cash dividends retained in SIPs are paid over),

  • section 407(3) (dividend payment when dividend shares cease to be subject to SIP), and

  • Part 8 (foreign income: special rules).

Annotations

Textual amendments

F1

Word in s. 403(1) omitted (with effect in accordance with s. 34(2) of the amending Act) by virtue of Finance Act 2008 (c. 9), Sch. 12 para. 18