535 Top slicing relief
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

535  Top slicing relief

(1)     An individual is entitled to relief under this section for a tax year if—

(a)     the individual's liability for the tax year, as calculated under subsection (3), exceeds

(b)     the individual's relieved liability for the tax year, as calculated under—

section 536 (top slicing relieved liability: one chargeable event), or

section 537 (top slicing relieved liability: two or more chargeable events).

(2)     The relief is given by a reduction in or repayment of income tax equal to the excess.

[(2A)     If the relief is given by a reduction in income tax, it is given effect at Step 6 of the calculation in section 23 of ITA 2007.]

(3)     An

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