Section 826 | Meaning of “disregarded annual payments”

For the purposes of this Chapter income is “disregarded annual payments” if it is not relevant foreign income and is chargeable under—

(a)section 579 of ITTOIA 2005, so far as it relates to annual payments (royalties etc from intellectual property),

(b)Chapter 4 of Part 5 of that Act, so far as it relates to annual payments (certain telecommunication rights: non-trading income), or

(c)Chapter 7 of Part 5 of that Act (annual payments not otherwise charged).