Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 612: Taxable pension income: UK annuities
2441.This section deals with the basis of assessment if the annuity arises from a source in the United Kingdom. It identifies the amount of taxable pension income, which feeds into the computation of net taxable pension income in section 567.
2442.The section derives from section 64 of ICTA.