# Income Tax (Trading and Other Income) Act 2005, Section 845I: Disqualified income


Income is disqualified income if—
(a) it is income of a settlement (within the meaning of Chapter 5 of Part 5) arising in the tax year 2024-25 or an earlier tax year that is treated as arising in tax year 2025-26 or a later year as a result of section 648(3) to (5),
(b) it is income arising from a security treated as situated in the United Kingdom as a result of section 138ZB of TCGA 1992 (share exchanges involving non-UK incorporated close companies),
(c) it is income chargeable to income tax as a result of section 809AZB of ITA 2007 (transferred income streams),
(d) it is performance income (see section 845J),
(e) it is income from a pension to which section 629 of ITEPA 2003 applies (pre-1973 pensions paid under the Overseas Pensions Act 1973), or
(f) it is a payment made to or in respect of—
(i) a relieved member of a relevant non-UK scheme (within the meaning of Schedule 34 to FA 2004), or
(ii) a transfer member of such a scheme,
to which the member payment provisions (within the meaning of that Schedule) apply.

---
Source: https://www.legislation.gov.uk/ukpga/2005/5/section/845I (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-845I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.