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Income tax is an annual tax on income that is levied a tax year basis. The tax year begins on 6 April and ends on the following 5 April¹.

For a discussion on the meaning of income, see E1.101.

The following persons are liable to pay income tax on their taxable income for the tax year, with the extent of the liability being dependent on their tax residence status:

1. Ìý

   •ÌýÌýÌýÌý individuals

2. Ìý

   •ÌýÌýÌýÌý trustees

3. Ìý

   •ÌýÌýÌýÌý personal representatives

4. Ìý

   •ÌýÌýÌýÌý companies

For further details, see E1.101.

The commentary below discusses the income tax calculation for individuals, including individuals who have died during the tax year (the calculation applies to income up to the date of death). Note, however, that the calculation may be modified where the individual is non-resident and chooses to limit their liability to income tax under ITA 2007, ss 810–828, see E6.125–E6.126.

For details of the income tax calculation for trustees, see I5.1003. For details of the income tax calculation for personal representatives,