# Income Tax (Trading and Other Income) Act 2005, Section 551: Charge to tax on profits from disposal of deposit rights

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

(1) Income tax is charged on profits and gains from the disposal of deposit rights.
(2) For the purposes of this section, the exercise of a deposit right is a disposal of it....

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/551 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-551
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.