Taxes Management Act 1970 section 9D

Choice between different Cases of Schedule D

Section 9D was a provision that allowed taxpayers to elect how certain income should be classified under the different Cases of Schedule D, where more than one Case could potentially apply to the same source of income.

• This section permitted taxpayers to choose which Case of Schedule D should apply where income could fall under more than one Case.
• The provision was introduced by the Finance Act 2001 to give taxpayers flexibility in classifying their Schedule D income.
• Schedule D historically contained different Cases covering different types of income, such as trading profits (Cases I and II), investment income (Cases III to V), and miscellaneous income (Case VI).
• This section was subsequently amended and effectively superseded by the Income Tax (Trading and Other Income) Act 2005, which restructured the way different types of income are categorised for tax purposes.

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