Effect of statutory provisions

The statutory provisions are at:

ITA07/S811-814 for individuals and corporate trustees; and

ITA07/S815-816 for companies (other than corporate trustees).

They work by limiting the income tax chargeable on non-residents in line with the accepted principles of international taxation in the OECD Model Tax Convention and double taxation agreements between the UK and other countries.

In summary, the effect of the provisions is that income tax chargeable on non-residents in respect of

most types of investment and pension income (except income from UK property); and

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