Section 16A | Treatment of property income in hierarchy of total income ^F1

(1)This section has effect for determining—^F1

(a)which part of a Scottish taxpayer’s income consists of property income,^F1

(b)the rate at which income tax would be charged on a person’s property income apart from section 11CA, and^F1

(c)the rate at which income tax would be charged on the property income of a Welsh taxpayer apart from section 11CB.^F1

(2)It also has effect for all other income tax purposes except for the purposes of sections 535 to 537 of ITTOIA 2005 (gains from contracts for life insurance etc: top slicing relief).^F1

(3)If a person has property income but no dividend income or savings income, the property income is treated as the highest part of the person’s total income.^F1

(4)If a person—^F1

(a)has property income, and^F1

(b)dividend income or savings income (or both dividend income and savings income),^F1

the property income is treated as the part of the person’s total income immediately before the savings income or, if the person does not have savings income, immediately before the dividend income.