What is the purpose of section 1032 of the Income Tax Act 2007?

Section 1032 is a signpost provision that introduces Schedule 4 of the Income Tax Act 2007. Schedule 4 serves as the official index of defined expressions, listing key terms used throughout the Act and directing readers to where each term is formally defined or explained in legislation.

What does Schedule 4 of the Income Tax Act 2007 contain?

Schedule 4 does not contain definitions itself. Instead, it acts as a glossary or look-up table, listing expressions used in the Act and indicating where each one is defined — whether within the Income Tax Act 2007 or in another piece of United Kingdom legislation. It covers selected, not necessarily all, defined terms.

Does Schedule 4 include every defined expression in the Income Tax Act 2007?

No. Schedule 4 lists some but not necessarily all defined expressions in the Act. If a term cannot be found in Schedule 4, it may still be defined within the specific Part or Chapter where it appears, or it may carry its ordinary everyday meaning under United Kingdom law.

How should practitioners use Schedule 4 when interpreting the Income Tax Act 2007?

Practitioners should consult Schedule 4 as a first port of call when uncertain about a term's precise meaning. For example, encountering 'total income' in the Act, a practitioner can check Schedule 4, which directs them to section 23 for the statutory definition, ensuring accurate application of the provision.

Income Tax Act 2007 section 1032

Index of defined expressions

Section 1032 introduces Schedule 4, which provides an index of defined expressions used throughout the Income Tax Act 2007.

Schedule 4 serves as the official index of defined expressions for the purposes of the Act
The schedule lists where key terms and expressions used in the Act are formally defined or explained
Not every expression used in the Act is necessarily included — the schedule covers selected terms
Practitioners should consult Schedule 4 as a starting point when seeking the meaning of a specific term used in the Act

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