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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Charge to tax on interest

  • Section 369 Charge to tax on interest
  • Section 370 Income charged
  • Section 370A Valuation of interest not paid in cash
  • Section 371 Person liable
  1. Charge to tax on interest
  2. Income charged

Section 370 | Income charged

From legislation.gov.uk

(1)Tax is charged under this Chapter on the full amount of the interest arising in the tax year.

(2)Subsection (1) is subject to Part 8 (foreign income: special rules).

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