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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Supplementary

  • Section 603 Contributions to expenditure
  • Section 604 Contributions not made by public bodies nor eligible for tax relief
  • Section 605 Exchanges
  • Section 606 Apportionment where property sold together
  • Section 607 Questions about apportionments affecting two or more persons
  • Section 608 Meaning of “capital sums” etc.
  1. Supplementary
  2. Questions about apportionments affecting two or more persons

Section 607 | Questions about apportionments affecting two or more persons

From legislation.gov.uk

(1)Any question about the way in which a sum is to be apportioned under section 606 must be determined in accordance with section 563(2) to (6) of CAA 2001 (procedure for determining certain questions affecting two or more persons) if it materially affects two or more taxpayers.

(2)For the purposes of subsection (1) a question materially affects two or more taxpayers if at the time when the question falls to be determined it appears that the determination is material to the liability to tax (for whatever period) of two or more persons.

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