Section 679 Taxable social security income
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(1) If section 678 applies, the taxable social security income for a taxable benefit for a tax year is [the full amount of the social security income arising in the tax year, but subject to subsection (2).]1
Amendments
1 Substituted by Income Tax (Trading and Other Income) Act 2005 section 882(1) and Schedule 1 para 613(2) for 2005-06 and later tax years.
(2) That income is treated as relevant foreign income for the purposes of Chapters 2 and 3 of Part 8 of ITTOIA 2005 (relevant foreign income: remittance basis and deductions and reliefs).
Amendments
Subs (2) substituted by Income Tax (Trading and Other Income) Act 2005 section 882(1) and Schedule 1 para 613(3) for 2005-06 and later tax years.
(3) See also Chapter 4 of that Part (unremittable income).
Amendments
Subs (3) added by Income Tax (Trading and Other Income) Act 2005 section 882(1) and Schedule 1 para 613(3) for 2005-06 and later tax years.
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