{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-527",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-527.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/527",
  "kind": "section",
  "number": "527",
  "heading": "Reduction for sums taken into account otherwise than under Chapter 9",
  "text": "(1) This section applies if the whole or part of any receipt or other credit item is taken into account in calculating both—\n(a) the amount of a gain treated as arising under this Chapter, and\n(b) an amount on which income tax is charged otherwise than under this Chapter or on which corporation tax is charged.\n(2) The amount of the gain on which tax is charged under this Chapter is reduced by so much of the amount of that receipt or other credit item as is taken into account in both those calculations.",
  "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/527",
    "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."
}