Commentary on Sections Structure of Chapters Overview Section 658: Special rules for foreign income
2515.This section is based on sections 695, 696 and 698 of ICTA. It indicates that estate income arising outside the United Kingdom may be subject to the special rules for foreign income in Part 8 of this Act.
2516.Subsection (2) provides that the special rules in Part 8 of this Act for “relevant foreign income” only apply to foreign estates. This preserves the effect of the source legislation under which those special rules only apply to income charged under Schedule D Cases IV or V. And under the source legislation, only income from foreign estates is charged under Schedule D Case IV.