BIM80101 - Case VI: General: introduction

Apart from certain items of income expressly declared by Statute to fall within Case VI, liability under that Case arises in respect of profits which, while falling within the scope of the charge to Income Tax as being `annual' (see BIM14005), are not covered by any other Case of Schedule D or by any other Schedule.

In practice, Case VI is sometimes invoked in the alternative as a ground of charge where the profits are possibly but not definitely covered by some other Case or Schedule, for example, in the case of profits arising from operations which can only doubtfully be regarded as constituting a trade.

Liability under case VI is on the basis of the profits arising during the year.