# Income Tax (Trading and Other Income) Act 2005, Section 623: Calculation of income

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

(1) This section applies for the purpose of calculating the liability to tax of an individual charged under this Chapter.
(2) The same deductions and reliefs are allowed as would have been allowed if the amount treated as the individual's income as a result of this Chapter had been received by the individual as income.

---
Source: https://www.legislation.gov.uk/ukpga/2005/5/section/623 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-623
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.