‘Property income’ divides into several heads

The charge under CTA 2009, Pt. 4 deals with ‘property income’ under several discrete chapters of charge.

The main property income charge is levied on the profits of a ‘property business’ which is subdivided into either a ‘UK property business’ or an ‘overseas property business’ (CTA 2009, Pt. 4, Ch. 2). See ¶711-070 below.

Specialist charges also arise under CTA 2009, Pt. 4:

rent receivable in connection with one of the businesses mentioned at s. 39(4) (e.g. mines, quarries, ironworks, canals, railways, markets, etc.); under Ch. 7 (¶711-960);

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