[643G Section 643F(4): benefits and income “relating” to deemed income]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[643G  Section 643F(4): benefits and income “relating” to deemed income]

[(1)     In this section—

(a)     references to a step are to a step under section 643B(1) as it applies in the case of the settlement, the year and the relevant individual,

(b)     “protected income” and “the relevant individual” have the meaning given by section 643F(6), and

(c)     “the settlement” and “the year” mean, respectively, the settlement and tax year mentioned in section 643F.

(2)     For the purposes of section 643F(4)—

(a)     place the benefits identified at Step 1 in the order in which they were received by the relevant individual (starting with the earliest benefit received),

(b)     where a deduction is allowed by any of paragraphs (a), (c)

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