TCTM04501 - Investment Income:
Definition of Investment income
Definition of investment income
The Tax Credits (Definition and Calculation of Income)
Regulations 2002, Reg. 10(1)
Investment income means:
Any interest of money, whether yearly or
otherwise, or any annuity or other annual payment, whether it is
payable within or out of the UK, either as a charge on any property
of a person paying it by virtue of any deed, or will, or otherwise,
or as a reservation out of it, or as a personal debt of obligation
by virtue of any contract, or whether the payment is received and
payable half-yearly or at any shorter or longer period, but not
including property income.
Any discounts on securities
Any income from securities payable out of
public revenues of the UK or Northern Ireland
Dividends and other distributions of a
company resident in the UK and the accompanying tax credit;
and
Gains from life insurance policies etc.,
which are chargeable to income tax under Chapter 9 of Part 4 of
ITTOIA disregarding section 535 (top-slicing relief).
