776Charge to tax on sale of occupation income
This section has no associated Explanatory Notes
(1)Income tax is charged on income treated as arising under—
(a)section 778 (income arising where capital amount other than derivative property or right obtained), or
(b)section 779 (income arising where derivative property or right obtained).
(2)Tax is charged under this section on the full amount of income treated as arising in the tax year.
(3)The person liable for any tax charged under this section is the individual to whom the income is treated as arising.
(4)This section is subject to section 784 (exemption for sales of going concerns).