[41H Section 41F: chargeable and unchargeable foreign securities income]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[41H  Section 41F: chargeable and unchargeable foreign securities income]

[(1)     The extent to which the securities income is “chargeable foreign securities income” or “unchargeable foreign securities income” is to be determined as follows.

(2)     Treat an equal amount of the securities income as accruing on each day of the relevant period.

(3)     If any part of the relevant period is within a tax year to which subsection (4) applies, the securities income treated as accruing in that part of the relevant period is “chargeable foreign securities income”.

This is subject to subsection (9) and section 41I (limit where duties of associated employment performed in UK).

(4)     This subsection applies to a tax year if—

(a)     section 809B, 809D or 809E of ITA 2007 applies to the individual for the year,

(b)     the individual does not meet the requirement of section 26A for the year (reading references there to the employee as references to the individual),

(c)     the relevant employment is with a foreign employer, and

(d)     the duties of the relevant employment are performed

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