Income Tax (Earnings and Pensions) Act 2003 section 41N

Key definitions

Section 41N sets out the key definitions of qualifying employment income and qualifying foreign employment income used throughout the new residents' foreign employment income relief provisions.

• Qualifying employment income comprises three components: qualifying general earnings, qualifying third party income, and qualifying securities income.
• Qualifying foreign employment income mirrors the same three-part structure but applies specifically to the foreign element of each component.
• Each of the three components has its own detailed definition section which determines when income qualifies and when it qualifies as foreign.
• These definitions underpin the relief available to newly UK-resident individuals on their foreign employment income.