Finance Act 2008

Amendment of tax treatment of income from certain possessions in Great Britain or Northern Ireland.

18.— (1) The Principal Act is amended—

(a) in section 73 by inserting the following after subsection (3):

“(4) This section ceases to have effect in respect of income arising on or after 1 January 2008.”,

and

(b) in section 823 by substituting the following for subsection (2)(b):

“(b) This section does not apply in any case where the income from an office or employment—

(i) is chargeable to tax in accordance with section 71(3), or

(ii) is income to which section 822 applies.”.

(2) Subsection (1) has effect as on and from 1 January 2008.