Income Tax (Trading and Other Income) Act 2005 section 126

Meaning of "permitted index"

Section 126 defines what is meant by a "permitted index" for the purposes of this part of Schedule 2 of the Act.

• A "permitted index" is an index that falls within one of the categories listed in section 518 of the Act.
• Section 518 sets out the specific categories of index that are acceptable for these purposes.
• This definition applies throughout the relevant part of Schedule 2.
• Any index used must be checked against the section 518 categories to confirm it qualifies as a permitted index.