Income Tax (Trading and Other Income) Act 2005 section 615

Income charged

Section 615 establishes the basis on which income from certain telecommunication rights (non-trading income) is charged to tax under Chapter 4.

• Tax is charged on the full amount of income arising in the tax year
• Section 617 provides rules for calculating the amount of certain income charged under this chapter
• The section is subject to the special rules for foreign income set out in Part 8
• The charge applies to non-trading income from telecommunication rights falling within Chapter 4