# Income Tax (Trading and Other Income) Act 2005, Section 688: Income charged

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

(1) Tax is charged under this Chapter on the ... amount of the income arising in the tax year.
(2) Subsection (1) is subject to—
(za) Chapter 1 of Part 6A (which gives relief on relevant income which may consist of or include income chargeable under this Chapter: see, in particular, sections 783AB, 783AC, 783AG and 783AJ),
(a) Chapter 1 of Part 7 (which provides relief on income from the use of furnished accommodation in an individual's only or main residence: see, in particular, sections 794 and 798),
(b) Chapter 2 of that Part (which provides relief on income from the provision by an individual of qualifying care: see, in particular, sections 814 and 817), and
(c) Part 8 (foreign income: special rules).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/688 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-688
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.