BIM14025 - Schedule D: Coverage and exclusions: Non exhaustive nature

The general provisions for Schedule D (see BIM14010) are not exhaustive. ICTA/S18 (4) provides that they are without prejudice to other provisions of the Taxes Acts which require tax to be charged under Schedule D. These other provisions may specifically direct that tax on some amount shall be charged under Schedule D even if it would not normally fit within the charge in ICTA88/S18.

Case VI, in particular, is often used to levy tax on some surplus (to use a neutral word) which would not otherwise be liable under Case VI on general principles. For example, profits from certain transactions in land are charged under Case VI although they are, in principle, capital in nature and not otherwise liable to income tax. (This legislation is in Section ICTA88/S776 and is considered in detail at BIM60300 onwards.)