Income Tax (Trading and Other Income) Act 2005 section 366

Provisions which must be given priority over Part 4

Section 366 establishes a hierarchy of priority rules to resolve overlaps where the same income could potentially be taxed under more than one charging provision, ensuring that Part 4 (savings and investment income) gives way to other Parts where applicable.

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.