Income Tax Act 2007 section 905

Interpretation of Chapter

Section 905 defines how the term "individual" is to be interpreted for the purposes of this Chapter.

  • The term "individual" in this Chapter has a broader meaning than its ordinary usage
  • A Scottish partnership can qualify as an "individual" for the purposes of this Chapter
  • The Scottish partnership only qualifies if at least one of its partners is an individual (a natural person)
  • This extended definition ensures that relief or provisions in this Chapter can apply to Scottish partnerships with individual partners

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