Income Tax Act 2007 section 447

Overview of Chapter

Section 447 provides an overview of the chapter that gives tax relief for certain annual payments and patent royalties from which income tax must be deducted at source.

• This chapter provides relief for certain payments that are subject to income tax deduction at source
• The payments concerned are annual payments and patent royalties
• The requirement to deduct tax at source from these payments is set out elsewhere in the Act
• The specific reliefs available are detailed in sections 448 (for individuals) and 449 (for other persons)