351 Income charged
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

351  Income charged

(1)     Tax is charged under this Chapter on the full amount of the receipts received in the tax year.

(2)     This is subject to—

(a)     sections 254 and 255 (allowable deductions), and

(b)     section 257 (election to carry back),

which apply

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