Commentary on Sections Overview Overview Section 825: Meaning of “disregarded savings and investment income”
2443.This section defines the term “disregarded savings and investment income” which is principally used in sections 813 and 816. It is based on the corresponding parts of paragraph (a) of section 128(3) of FA 1995 and of paragraph (a) of section 151(2) of FA 2003 and on paragraph (aa) of each of those subsections, all of which are substantively the same.
2444.Income chargeable under Chapter 5 of Part 4 of ITTOIA (stock dividends from UK resident companies) has been included in subsection (1)(a) as an additional description of disregarded income. See Change 122 in Annex 1.