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23  To find the liability of a person (“the taxpayer”) to income tax for a tax year, take the following steps.

Step 1

Identify the amounts of income on which the taxpayer is charged to income tax for the tax year.

The sum of those amounts is “total income” .

Each of those amounts is a “component”  of total income.

Step 2

Deduct from the components the amount of any relief under a provision listed in relation to the taxpayer in section 24 to which the taxpayer is entitled for the tax year.

See sections 24A and 25 for further provision about the deduction of those reliefs.

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