# Income Tax (Trading and Other Income) Act 2005, Section 411: Income charged

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

(1) Tax is charged under this Chapter on the amount of stock dividend income treated for income tax purposes as arising in the tax year.
(2) That amount is the cash equivalent of the share capital on the issue of which the stock dividend income arises (see section 412)....

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/411 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-411
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.