Section 17A | Meaning of “property income”

(1)This section applies for the purposes of the Income Tax Acts.

(2)“Property income” is income which is—

(a)chargeable under Chapter 3 of Part 3 of ITTOIA 2005 (the profits of a UK property business or an overseas property business),

(b)chargeable under Chapter 7 of that Part (amounts treated as adjustment income under section 330),

(c)chargeable under Chapter 8 of that Part (rent receivable in connection with a UK section 12(4) concern),

(d)chargeable under Chapter 9 of that Part (rent receivable for UK electric-line wayleaves), and

(e)chargeable under Chapter 10 of that Part (post-cessation receipts arising from a UK property business).