[735A Section 735: relevant income and benefits relating to foreign deemed income]
Income Tax Act 2007 (2007 c 3) | Legislation

[735A  Section 735: relevant income and benefits relating to foreign deemed income]

[(1)     For the purposes of section 735—

(a)     place the benefits mentioned in Step 1 in the order in which they were received by the individual (starting with the earliest benefit received),

(b)     deduct from those benefits so much of any benefit within section 734(1)(b) as gives rise as mentioned in section 734(1)(d) to chargeable gains or offshore income gains,

(c)     place the income mentioned in Step 3 for the tax years mentioned in Step 4 (“the relevant income”) in the order determined under subsection (3),

(d)     deduct

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