Income Tax Act 2007 section 1008

Scotland

Section 1008 adapts the terminology used in the Income Tax Acts so that it aligns with Scottish legal concepts and language.

  • In Scotland, the term "assignment" is read as "assignation," reflecting Scottish legal terminology for the transfer of rights.
  • The term "estate in land" is broadened in Scotland to include the land itself, accommodating differences in Scottish property law.
  • The term "surrender" is read as including "renunciation," which is the equivalent Scottish legal concept.
  • Any reference in the Income Tax Acts to property or rights being held "on trust" or "on trusts" is read in Scotland as property or rights being held "in trust."

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