Part 2Basic provisions

Chapter 2Rates at which income tax is charged

Income charged at particular rates

13Income charged at the dividend ordinary F3, dividend upper and dividend additional rates: individuals

1

Income tax is charged at the dividend ordinary rate on an individual's income which—

a

is dividend income,

b

would otherwise be charged at the F2... basic rate, F15... F14or the Welsh basic rate, and

c

is not relevant foreign income charged in accordance with section 832 of ITTOIA 2005 (relevant foreign income charged on the remittance basis).

2

Income tax is charged at the dividend upper rate on an individual's income which—

a

is dividend income, F11...

b

would otherwise be charged at the higher rate, F18... F9or the Welsh higher rate,F5 and

c

is not relevant foreign income charged in accordance with section 832 of ITTOIA 2005.

F12A

Income tax is charged at the dividend additional rate on an individual's income which—

a

is dividend income,

b

would otherwise be charged at the additional rate, F16... F12or the Welsh additional rate, and

c

is not relevant foreign income charged in accordance with section 832 of ITTOIA 2005.

3

Subsections (1) F10to (2A) are subject to any provisions of the Income Tax Acts (apart from section 10 F4or 11AF13or 11B) which provide for income to be charged at different rates of income tax in some circumstances.

4

Section 16 has effect for determining the extent to which an individual's dividend income would otherwise be charged at the F6... basic F8, higher or additional rate F19... F7or the Welsh basic, higher or additional rate.

F175

In relation to an individual who is a Scottish taxpayer, references in this section to income that would otherwise be charged at a particular rate are to be read as references to income that would, if the individual were not a Scottish taxpayer, be charged at that rate (and subsection (4) is to be read accordingly).