Income Tax Act 2007 section 1009

Sources of income within the charge to income tax or corporation tax

Section 1009 defines what it means for a source of income, a person, or income itself to be "within the charge to" income tax or corporation tax.

• A source of income is within the charge to income tax or corporation tax if tax is chargeable on the income arising from that source.
• A source is also within the charge even if no income is currently arising, provided that tax would be chargeable if income were to arise.
• References elsewhere in the Income Tax Acts to a person or to income being "within the charge to" income tax or corporation tax are to be read in the same way.
• The section is derived from section 832(1) of the Income and Corporation Taxes Act 1988.