Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Income Tax Act 2007 section 638
Excluded persons: disregard of certain payments and transfers
Section 638 explains how certain persons who are classified as "excluded" transferors or transferees are taken outside the accrued income scheme, so that payments and transfers relating to them are disregarded when calculating accrued income profits or losses.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.