Income Tax (Trading and Other Income) Act 2005

The Income Tax (Trading and Other Income) Act 2005 (c 5) is an Act of the Parliament of the United Kingdom.

The Income Tax (Trading and Other Income) Act 2005[1]
Long titleAn Act to restate, with minor changes, certain enactments relating to income tax on trading income, property income, savings and investment income and certain other income; and for connected purposes.
Citation2005 c 5
Dates
Royal assent24 March 2005
Other legislation
Amended byThe Commissioners for Revenue and Customs Act 2005
The Income Tax Act 2007
Status: Amended
Text of statute as originally enacted
Revised text of statute as amended

It restated certain legislation relating to income tax, with minor changes that were mainly intended "to clarify existing provisions, make them consistent or bring the law into line with well established practice."[2] The Bill was the work of the Tax Law Rewrite Project team at the Inland Revenue.[3]

Part 1Edit

Section 1Edit

Section 1(2) was repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Part 2Edit

Chapter 4Edit

Section 51Edit

This section was repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Section 75Edit

Section 75(5) was repealed by paragraph 42 of the Schedule to the Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (SI 2009/2035).

Section 79Edit

Section 79(2) was repealed by Part 1 of Schedule 3 to the Corporation Tax Act 2009.

Chapter 5Edit

Section 88Edit

Section 88(4)(a) was repealed by section 70 of, and Part 2(2) of Schedule 11 to, the Finance (No. 2) Act 2005.

Chapter 7Edit

Section 108Edit

Sections 108(4)(c) and (d) were repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Chapter 8Edit

Section 128Edit

This section was repealed by paragraph 43 of the Schedule to the Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009.

Chapter 9Edit

Section 130Edit

Sections 130(1)(b) and (6) were repealed by section 178(1) of, and Part 3(4) of Schedule 26 to, the Finance Act 2006.

Section 131Edit

This section was repealed by section 178(1) of, and Part 3(4) of Schedule 26 to, the Finance Act 2006.

Section 132Edit

Sections 132(1)(a) and (2) and (3) were repealed by section 178(1) of, and Part 3(4) of Schedule 26 to, the Finance Act 2006.

Section 134Edit

Section 134(4) was repealed by section 178(1) of, and Part 3(4) of Schedule 26 to, the Finance Act 2006.

Section 135Edit

Section 135(1)(d), (6)(b) to (d) and (7) were repealed by section 178(1) of, and Part 3(4) of Schedule 26 to, the Finance Act 2006.

Sections 136 to 144Edit

These sections was repealed by section 178(1) of, and Part 3(4) of Schedule 26 to, the Finance Act 2006.

Chapter 11Edit

Section 157Edit

This section was repealed by paragraph 43(1)(a) of Schedule 39 to the Finance Act 2012.

Section 160Edit

This section was repealed by paragraph 51 of Schedule 4 to the Finance Act 2013.

Section 162Edit

This section was repealed by paragraph 21(1)(a) of Schedule 39 to the Finance Act 2012.

Chapter 12Edit

Section 186Edit

Sections 186(2) to (4) were repealed by paragraph 439(4) of the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (SI 2009/56).

Chapter 16Edit

Section 223Edit

Section 223(4) was repealed by section 25(5)(c) of the Finance Act 2016.

Chapter 16AEdit

Section 225NEdit

Sections 225N(3) and (4) were repealed by paragraph 6(2) of Schedule 31 to the Finance Act 2013. Section 225N(5) was repealed by paragraph 14(2) of Schedule 31 to the Finance Act 2013.

Section 225OEdit

This section was repealed by paragraph 6(3) of Schedule 31 to the Finance Act 2013.

Sections 225P and 225QEdit

These sections were repealed by paragraph 15 of Schedule 31 to the Finance Act 2013.

Section 225TEdit

This section was repealed by paragraph 9 of Schedule 31 to the Finance Act 2013.

Chapter 17Edit

Sections 238 and 239Edit

This section was repealed by paragraph 51 of Schedule 4 to the Finance Act 2013.

Chapter 17AEdit

Section 240DEdit

Section 240D(6) was repealed by paragraph 9(6) of Schedule 2 to the Finance (No. 2) Act 2017.

Part 3Edit

Chapter 1Edit

Section 260Edit

Section 260(1)(f) was repealed by paragraph 47(b) of Schedule 7 to the Finance Act 2008.

Chapter 3Edit

Section 269Edit

Sections 269(3) and (4) were repealed by paragraph 48 of Schedule 7 to the Finance Act 2008.

Section 272Edit

Section 272(1) was repealed by paragraph 16(3) of Schedule 2 to the Finance (No. 2) Act 2017.

Chapter 4Edit

Section 302BEdit

Sections 302B(3) and (4) were repealed by paragraph 57(2) of Schedule 23 to the Finance Act 2011.

Section 305Edit

This section was repealed by paragraph 44 of the Schedule to the Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009.

Chapter 5Edit

Sections 308A to 308CEdit

These sections were repealed by section 74(1)(a) of the Finance Act 2016.

Section 319Edit

This section was repealed by paragraph 43(1)(b) of Schedule 39 to the Finance Act 2012.

Chapter 6Edit

Section 322Edit

Sections 322(2)(b) and (c) were repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Section 327Edit

Section 327(2)(c) was repealed by section 74(1)(b) of the Finance Act 2016.

Chapter 8Edit

Section 339Edit

Section 339(3) was repealed by paragraph 43(2)(a)(ii) of Schedule 39 to the Finance Act 2012.

Sections 340 to 343Edit

These sections were repealed by paragraph 43(1)(c) of Schedule 39 to the Finance Act 2012.

Chapter 11 - Overseas property incomeEdit

This Chapter consisted of sections 357 to 360. This Chapter was repealed by paragraph 49 of Schedule 7 to the Finance Act 2008.

Chapter 12Edit

Section 362Edit

This section was repealed by paragraph 8 of Schedule 5 to the Finance Act 2019.

Part 4Edit

Chapter 1Edit

Section 365Edit

Section 365(1)(i) was repealed by regulation 36(2) of the Unauthorised Unit Trusts (Tax) Regulations 2013 (SI 2013/2819). Section 365(1)(k) was repealed by paragraph 2(b) of Schedule 12 to the Finance Act 2013.

Chapter 2Edit

Section 373Edit

Sections 373(4) and (6) were repealed by section 70 of, and Part 2(3) of Schedule 11 to, the Finance (No. 2) Act 2005.

Section 376Edit

Section 376(4) and (6) were repealed by section 70 of, and Part 2(3) of Schedule 11 to, the Finance (No. 2) Act 2005.

Chapter 3Edit

Section 384Edit

Section 384(3) was repealed by paragraph 5 of Schedule 1 to the Finance Act 2016.

Section 385AEdit

This section was repealed by section 14(1) of the Finance Act 2017.

Section 393Edit

Section 393(5) was repealed by paragraph 6 of Schedule 1 to the Finance Act 2016.

Section 394Edit

Section 394(5) was repealed by paragraph 7(a) of Schedule 1 to the Finance Act 2016.

Section 397Edit

This section was repealed by paragraph 1(1) of Schedule 1 to the Finance Act 2016. Section 397(2)(b) was repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Sections 397AEdit

Sections 397 to 398 were repealed by paragraph 1(1) of Schedule 1 to the Finance Act 2016. Section 397A(8) was repealed by paragraph 14(b) of Schedule 29 to the Finance Act 2013.

Section 397AAEdit

Sections 397 to 398 were repealed by paragraph 1(1) of Schedule 1 to the Finance Act 2016.

Section 397BEdit

This section was repealed by paragraph 15 of Schedule 29 to the Finance Act 2013.

Sections 397BA and 397CEdit

Sections 397 to 398 were repealed by paragraph 1(1) of Schedule 1 to the Finance Act 2016.

Section 398Edit

This section was repealed by paragraph 1(1) of Schedule 1 to the Finance Act 2016.

Section 399Edit

Sections 399(3) to (5), (5A) and (7) were repealed by paragraphs 11(4) to (6) of Schedule 1 to the Finance Act 2016.

Section 400Edit

This section was repealed by paragraph 1(1) of Schedule 1 to the Finance Act 2016. Section 400(7) was repealed by regulation 36(6) of the Unauthorised Unit Trusts (Tax) Regulations 2013.

Section 401AEdit

This section was repealed by paragraph 13 of Schedule 1 to the Finance Act 2016.

Chapter 4Edit

Section 406Edit

Section 406(4A) was repealed by paragraph 15 of Schedule 1 to the Finance Act 2016.

Section 407Edit

Section 407(4A) was repealed by paragraph 15 of Schedule 1 to the Finance Act 2016.

Chapter 5Edit

Section 414Edit

This section was repealed by paragraph 1(1) of Schedule 1 to the Finance Act 2016.

Chapter 6Edit

Section 416Edit

Section 416(2) was repealed by paragraph 18(b) of Schedule 1 to the Finance Act 2016.

Section 421Edit

This section was repealed by paragraph 1(1) of Schedule 1 to the Finance Act 2016.

Chapter 8Edit

Section 457Edit

Section 457(3) was repealed by Part 1 of Schedule 3 to the Income Tax Act 2007. Section 457(4) was repealed by section 178(1) of, and Part 3(15) of Schedule 26 to, the Finance Act 2006.

Chapter 10 - Distributions from unauthorised unit trustsEdit

This Chapter was repealed by regulation 36(8) of the Unauthorised Unit Trusts (Tax) Regulations 2013.

Chapter 12Edit

Section 568Edit

Section 568(5) was repealed by section 178(1) of, and Part 3(15) of Schedule 26 to, the Finance Act 2006.

Part 5Edit

Chapter 5Edit

Section 647Edit

This section repealed by paragraph 57(3) of Schedule 23 to the Finance Act 2011.

Chapter 7Edit

Section 683Edit

Section 683(4)(g) was repealed by paragraph 21(2) of Schedule 39 to the Finance Act 2012.

Section 685AEdit

Section 685A(4)(c) was repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Part 6Edit

Chapter 7Edit

Section 724Edit

Section 724(3) was repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Chapter 8Edit

Section 748Edit

This section was repealed by paragraph 21(1)(b) of Schedule 39 to the Finance Act 2012.

Part 8Edit

Chapter 1Edit

Section 830Edit

Section 830(2)(d) repealed by paragraph 51(3) of Schedule 7 to the Finance Act 2008.

Chapter 2Edit

Section 831Edit

This section repealed by paragraph 52 of Schedule 7 to the Finance Act 2008.

Sections 833 to 837Edit

These sections were repealed by paragraph 54 of Schedule 7 to the Finance Act 2008.

Part 9Edit

Section 858Edit

Section 858(3) was repealed by paragraph 27 of Schedule 1 to the Finance Act 2016.

Section 862Edit

Sections 862(3) and (7) were repealed by Part 1 of Schedule 3 to the Corporation Tax Act 2009.

Part 10Edit

Chapter 3Edit

Sections 876 and 877Edit

These sections were repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Section 879Edit

Section 879(2) was repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Section 881Edit

This section was repealed by Part 1 of Schedule 3 to the Corporation Tax Act 2009.

ReferencesEdit

  1. ^ The citation of this Act by this short title is authorised by section 886 of this Act.
  2. ^ See the title of the Act and paragraphs 6 and 7 of the explanatory notes to the Act.
  3. ^ Explanatory notes, paragraph 10 (and see paragraph 1 for their name)

External linksEdit