Part 14Income tax liability: miscellaneous rules
Chapter 1Limits on liability to income tax of non-UK residents
Limit for non-UK resident individuals, trustees etc
812Case where limit not to apply
(1)
Section 811 does not apply to income tax to which non-UK resident trustees are liable for a tax year, if there is a beneficiary of the trust who is—
(a)
an individual who is F1... UK resident, or
(b)
a UK resident company.
(2)
For the purposes of subsection (1) a person is a beneficiary of the trust if—
(a)
the person is an actual or potential beneficiary of the trust, and
(b)
condition A or B is met in relation to the person.
(3)
Condition A is that the person is, or will or may become, entitled under the trust to receive some or all of any income under the trust.
(4)
Condition B is that some or all of any income under the trust may be paid to or used for the benefit of the person in the exercise of a discretion conferred by the trust.
(5)
The references in subsections (3) and (4) to any income under the trust include a reference to any capital under the trust so far as it represents amounts originally received by the trustees as income.