Income Tax (Trading and Other Income) Act 2005 section 397BA

Meaning of "qualifying territory"

Section 397BA defined the meaning of "qualifying territory" for the purposes of the offshore income rules, but has been removed from the legislation.

  • Section 397BA was introduced by Finance Act 2009 to define "qualifying territory" for offshore income purposes
  • The section was subsequently omitted in its entirety by Finance Act 2016, Schedule 1, paragraph 1(1)
  • The removal took effect from 15 September 2016
  • Any references to "qualifying territory" in related provisions should be read in light of this repeal and subsequent legislative changes

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