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Link to original content: http://www.legislation.gov.uk/ukpga/2005/5/notes/division/5/3/10/1/data.xml
http://www.legislation.gov.uk/ukpga/2005/5/notes/division/5/3/10/1Income taxTaxLegal servicesLegislationIncomeExplanatory Notes to Income Tax (Trading and Other Income) Act 2005Inland RevenueKing's Printer of Acts of Parliament2020-04-20 <Citation URI="http://www.legislation.gov.uk/id/ukpga/2005/5" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2005" Number="0005">Income Tax (Trading and Other Income) Act 2005</Citation> 5 24 March 2005 Commentary on Sections<CitationSubRef id="c01405" URI="http://www.legislation.gov.uk/id/ukpga/2005/5/part/3" CitationRef="c00001" SectionRef="part-3">Part 3</CitationSubRef>: Property income<CitationSubRef id="c01870" URI="http://www.legislation.gov.uk/id/ukpga/2005/5/part/3/chapter/9" CitationRef="c01405" SectionRef="part-3-chapter-9">Chapter 9</CitationSubRef> Rent receivable for UK electric-line wayleaves Overview 1398 This Chapter rewrites the Schedule D Case VI charge on rent received in respect of a wayleave granted in the United Kingdom. It is based on section 120 of ICTA. 1399 If a landowner receives rent in respect of a UK electric-line wayleave section 120 of ICTA provides that: the rent is charged under Schedule A if the landowner receives other rent in respect of the same land; otherwise the rent is charged under Schedule D. 1400 In practice this means that if the landowner carries on a trade on the land the rent can be treated as a trade receipt. See Change 5 in Annex 1. Otherwise the rent is taxed under Schedule D Case VI. 1401 Section 392 of ICTA gives the rules for dealing with Schedule D Case VI losses. In order to preserve that loss regime it is necessary to isolate the income that ICTA charges under Schedule D Case VI.