Where income might fall under more than one taxing provision, the following priority rules apply.
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•ÌýÌýÌýÌý Income which falls within ITTOIA 2005, Pt 4 (ss 365–573) and also within ITTOIA 2005, Pt 2, Ch 2 (ss 5–23H) (income taxed as trade profits — see Part B2) is dealt with as trading income under ITTOIA 2005, Pt 2 (ss 3–259)1. This priority is based on the nature of the receipt rather than on the status of the recipient
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