Income Tax (Trading and Other Income) Act 2005 section 614

Charge to tax on certain telecommunication rights of a non-trader

Section 614 imposes an income tax charge on income derived from certain telecommunication rights where the rights are not held or used for the purposes of a trade, profession or vocation.

• Income from a relevant telecommunication right is subject to income tax when the right is not connected to a trade, profession or vocation.
• The charge applies specifically to non-traders who derive income from these rights.
• A "relevant telecommunication right" is defined by reference to section 146 of the Act.
• If the telecommunication right is used or held for trading purposes, this charge does not apply, as the income would instead be taxed as trading income.