Section 365 | Overview of Part 4

(1)This Part imposes charges to income tax under—

(a)Chapter 2 (interest),

(aa)Chapter 2A (disguised interest),

(b)Chapter 3 (dividends etc. from UK resident companies etc.),

(c)Chapter 4 (dividends from non-UK resident companies),

(d)Chapter 5 (stock dividends from UK resident companies),

(e)Chapter 6 (release of loan to participator in close company),

(f)Chapter 7 (purchased life annuity payments),

(g)Chapter 8 (profits from deeply discounted securities),

(h)Chapter 9 (gains from contracts for life insurance etc.),

(i)Repealed

(j)Chapter 11 (transactions in deposits),

(k)Repealed

(l)Chapter 13 (sales of foreign dividend coupons).

(2)Part 6 deals with exemptions from the charges under this Part.

(3)See, in particular, any exemptions mentioned in the particular Chapters.

(4)The charges under this Part apply to non-UK residents as well as UK residents but this is subject to section 368(2) (charges on non-UK residents only on UK source income).

(5)This section needs to be read with the relevant priority rules (see sections 2 and 366).