Section 11CA | Income charged at the property basic, higher and additional rates: individuals

(1)Income tax is charged at the property basic rate on an individual’s income which—

(a)is property income, and

(b)would otherwise be charged at the basic rate or the default basic rate.

(2)Income tax is charged at the property higher rate on an individual’s income which—

(a)is property income, and

(b)would otherwise be charged at the higher rate or the default higher rate.

(3)Income tax is charged at the property additional rate on an individual’s income which—

(a)is property income, and

(b)would otherwise be charged at the additional rate or the default additional rate.

(4)Subsections (1) to (3) are subject to—

section 11A (income charged at Scottish rates),

section 11CB (income charged at the Welsh property basic, higher and additional rates: individuals),

any other provisions of the Income Tax Acts which provide for income to be charged at different rates of income tax in some circumstances.

(5)Sections 16 and 16A have effect for determining the extent to which an individual’s property income would otherwise be charged at the basic, higher or additional rate or the default basic, default higher or default additional rate.