Income Tax Act 2007 Handbook

This handy book provides a practical, annotated guide to the 2007 Income Tax Act, incorporating all the legislative changes to the following:

• Basic provisions about the charge to income tax, income tax rates, the calculation of income tax liability, and personal reliefs
• Various specific reliefs, including reliefs for losses, the enterprise investment scheme, venture capital trusts, community investment tax relief, interest paid, gift aid and gifts of assets to charities
• Specific rules about trusts, deduction of tax at source, manufactured payments and repos, tax avoidance
• General income tax definitions