Commentary on Sections Structure of Chapters Overview Section 463: Income charged
1858.This section is based on section 547 of ICTA. It sets out the amount charged to tax.
1859.Subsection (2) flags the one circumstance where the gain to be charged for a tax year may have arisen in an earlier tax year. That is, the tax year for the charge is not the tax year in which the chargeable event occurred.