Income Tax (Trading and Other Income) Act 2005 section 879

Interpretation: Scotland

Section 879 provides definitions and interpretive rules that apply specifically when the Act is used in Scotland, reflecting the distinct Scottish legal system for property, securities, and legislation.

• In Scotland, a "mortgage" means either a standard security or a heritable security as defined in the Conveyancing (Scotland) Act 1924, including security created by an absolute disposition or assignation.
• For the purposes of section 755 (interest on foreign currency securities owned by non-UK residents), the term "Act" in Scotland includes an Act of the Scottish Parliament.
• For sections 769 (housing grants), 882 (consequential amendments), and Part 1 of Schedule 2 (transitional and savings provisions), the term "enactment" in Scotland includes legislation contained in or made under an Act of the Scottish Parliament.
• The expanded definition of "enactment" for those specific sections does not alter how "enactment" is interpreted when applying section 631 (retained and accumulated income) to Scotland.