Modifications etc. (not altering text)
C1Pt. 13 Ch. 2 applied by 1988 c. 1, s. 762ZA (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 94)
C2Pt. 13 Ch. 2 applied (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 21
(1)No amount of income may be taken into account more than once in charging income tax under this Chapter.
(2)If there is a choice about the persons in relation to whom any amount of income may be taken into account in charging income tax under this Chapter, it is to be taken into account—
(a)in relation to such one or more of them as appears to an officer of Revenue and Customs to be just and reasonable, and
(b)if more than one, in such respective proportions as appears to the officer to be just and reasonable.
[F1(2A)Subsection (2B) applies if—
(a)in the case of an individual, an amount of income is taken into account in charging income tax under section 720 or 727, and
(b)the individual subsequently receives that income.
(2B)The income received is treated as not being the individual's income for income tax purposes.]
(3)For the meaning of references in [F2this section] to an amount of income taken into account in charging tax, see section 744.
F3(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 743(2A)(2B) inserted (with effect in accordance with Sch. 10 para. 20 of the amending Act) by Finance Act 2013 (c. 29), Sch. 10 para. 16(2)
F2Words in s. 743(3) substituted (with effect in accordance with Sch. 10 para. 20 of the amending Act) by Finance Act 2013 (c. 29), Sch. 10 para. 16(3)
F3S. 743(4) omitted (with effect in accordance with Sch. 10 para. 20 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 10 para. 16(4)