{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-461",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-461.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/461",
  "kind": "section",
  "number": "461",
  "heading": "Charge to tax under Chapter 9",
  "text": "(1) Income tax is charged on gains treated as arising from policies and contracts to which this Chapter applies.\n(2) For the policies and contracts to which this Chapter applies, see sections 473 to 483.\n(3) See also sections 530 to 538 (provisions relating to tax treated as paid on gains and to reliefs).\n(4) For exemptions, see in particular Chapter 3 of Part 6 (income from individual investment plans).\n(5) For the application of this Chapter where corresponding provision for corporation tax purposes is also relevant, see section 544 (application of Chapter to policies and contracts in which companies interested).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/461",
    "retrieved_at": "2026-10-29T09:16:32.370392+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}