Part 2Basic provisions

Chapter 2Rates at which income tax is charged

Income charged at particular rates

11Income charged at the F2default basic rate: non-individuals

1

Income tax is charged at the F3default basic rate on the income of persons other than individuals.

2

This section is subject to—

  • F1...

  • section 14 (income charged at the dividend ordinary rate: other persons),

  • Chapters 3 to 6 of Part 9 (which provide for some income of trustees to be charged at the dividend trust rate or at the trust rate), and

  • any other provisions of the Income Tax Acts which provide for income of persons other than individuals to be charged at different rates of income tax in some circumstances.