13 Income charged at the dividend ordinary, dividend upper and dividend additional rates: individuals

History

In the heading, the words “, dividend upper and dividend additional” substituted for the words “and dividend upper” by FA 2009, s. 6 and Sch. 2, para. 5(5), with effect for the tax year 2010–11 and subsequent tax years.

13(1) Income tax is charged at the dividend ordinary rate on an individual's income which–

(a)is dividend income,

(b)would otherwise be charged at the basic rate, or the Welsh basic rate, and

(c)is not relevant foreign income charged in accordance with section 832 of ITTOIA 2005 (relevant foreign income charged on the remittance basis).

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