[1J Section 1I: definitions and other supplementary provision]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[1J  Section 1I: definitions and other supplementary provision]

[(1)     For the purposes of section 1I—

a “higher income tax rate” means—

(a)     the higher rate or the default higher rate,

(b)     the savings higher rate, or

(c)     the dividend upper rate, and

“the unused part of the individual's basic rate band” means the amount by which the basic rate limit exceeds the individual's Step 3 income.

(2)     If an individual is entitled to relief for a tax year under section 539 of ITTOIA 2005 (contracts for life insurance) by reference to the amount of a deficiency, the individual's Step 3 income for the tax year is treated

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