Income Tax Act 2007 section 826

Meaning of "disregarded annual payments"

Section 826 defines what counts as "disregarded annual payments" for the purposes of the relievable income rules in this Chapter.

• Disregarded annual payments are a specific category of UK-source annual payments that qualify for particular treatment under the relief provisions
• The income must not be relevant foreign income — it applies only to domestically sourced annual payments
• Three types of income qualify: royalties and similar payments from intellectual property, non-trading income from certain telecommunication rights, and annual payments not charged elsewhere
• This definition works alongside the related concept of "disregarded savings income" to identify income that may be relieved under sections 813 and 816