Section 845I | Disqualified income

Income is disqualified income if—

(a)it is income of a settlement (within the meaning of Chapter 5 of Part 5) arising in the tax year 2024-25 or an earlier tax year that is treated as arising in tax year 2025-26 or a later year as a result of section 648(3) to (5),

(b)it is income arising from a security treated as situated in the United Kingdom as a result of section 138ZB of TCGA 1992 (share exchanges involving non-UK incorporated close companies),

(c)it is income chargeable to income tax as a result of section 809AZB of ITA 2007 (transferred income streams),

(d)it is performance income (see section 845J),

(e)it is income from a pension to which section 629 of ITEPA 2003 applies (pre-1973 pensions paid under the Overseas Pensions Act 1973), or

(f)it is a payment made to or in respect of—

(i)a relieved member of a relevant non-UK scheme (within the meaning of Schedule 34 to FA 2004), or

(ii)a transfer member of such a scheme,

to which the member payment provisions (within the meaning of that Schedule) apply.