Income Tax Act 2007 section 809ZB

Section 809ZA: interpretation

Section 809ZB provides the definitions and interpretive rules needed to understand and apply the provisions of section 809ZA, which deals with the treatment of certain income and gains.

• This section defines the key terms used in section 809ZA, ensuring consistent interpretation of the rules on relevant income and gains.
• The definitions support the framework introduced by Finance Act 2008 for determining how particular types of income and gains are to be treated.
• Subsequent amendments by the Corporation Tax Act 2010 updated the provisions, including repeals and revocations of certain enactments.
• Some of those repeals and revocations take effect only for corporation tax purposes (and in one case also for petroleum revenue tax).